Former President Donald Trump is backing the decentralized finance project World Liberty Financial, which has launched its stablecoin called USD1 on Ethereum and Binance’s BNB Chain. The launch follows months of deliberation regarding the safety and legality of the product. With Trump back in office and congressional efforts to legitimize stablecoins underway, the timing appears favorable for entering the volatile stablecoin market. World Liberty's USD1 stablecoin, pegged to the U.S. dollar, aims to provide stability in the fluctuating crypto environment, acting as a bridge between traditional financial markets and the decentralized finance sector. The project has already raised $14 million in an initial token sale and seeks to transform how digital assets are valued and utilized. Binance's former CEO celebrated the launch while World Liberty recently completed rounds of sales totaling around $550 million for its governance token, WLFI. The stablecoin allows users to hold steady value in uncertain markets, signaling a significant step for Trump's foray into the cryptocurrency space that seeks to redefine financial interactions.

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