Cryptographic observers were speculating on Monday that World Liberty Financial (WLFI), the Decentralized Finance Platform (DEFI) backed by the president of the United States, Donald Trump and his family, could be testing its long -awaited stable in dollars before being implemented for the broader public.
Blockchain detectives today noticed an activity burst with a token labeled as World Liberty Financial Usd (USD1) on Blockchain and BSCscan monitoring websites. Blockchain data shows that the USD1 was implemented earlier this month in the Ethereum and BNB chain networks and the token transactions series that occurs in the last two weeks.
Some transfers included directions linked to Wintermute, a large trade asset trade firm and market manufacturer, and Crypto custody Bitgo, according to Arkham Intelligence Data. The supply of the Token currently stood at around 3.5 million 3.5 million in the Ethereum and BNB chain, according to Etherscan and BSCscan.
Changpeng Cz Zhao, founder of Crypto Exchange Giant Binance, called the generalized attention to Token by “welcoming” the project in the BNB chain in a publication with a screenshot of the USD1 BSCscan profile shared with its 10 million followers. The post, he said later, triggered a wave of copies of copies with the aim of capitalizing the newly discovered attention.
WLFI, reacting in an X publication, said that USD1 is not currently available for trade and cryptography users must be careful with scams.
Rumor of Stablecoin
WLFI, a project headed by Zachary Folkman and Chase Herro, caused a splash last year as one of the first cryptographic projects that enjoy Trump’s support. The protocol aims to provide a blockchain -based market where users can borrow and lend cryptocurrencies, create liquidity groups and perform transactions with stablocoins.
It is widely known that the project is working on the elaboration of its own Stablecoin, but there has been no official communication on the exact plans and the time of the launch of the Token publicly. Coendesk has communicated with the team, but has not received any response.
Stablecoins is one of the fastest growing corners of the cryptographic industry and widely considered as the case of murderous use for blockchains. With its prices linked to an external asset, predominantly to the US dollar, they are widely used as a pair of cryptographic negotiation and transactions in blockchain rails. More and more are used for daily payments, remittances and savings, attracting the attention of many risk capital investors.
Buzz around the asset class rejuvenated in recent months when the Trump administration raised the regulation of Stablecoin to the top of its cryptographic agenda. The secretary of the Treasury, Scott Besent, said that Stablecoins has a key role in preservation of the global paper of the US dollar as a reserve currency.
