Trump’s Crypto Venture Introduces a Stablecoin

World Liberty Financial, the cryptocurrency company started by Donald J. Trump and its children, announced Tuesday that she was planning to sell a digital currency called Stablecoin, deepening the president’s financial ties with the crypt while its administration relaxes the application of the sector.

Stablecoin would be known as USD1, the company he wrote In a post on social media, without revealing when it would be on sale. Stablecoin, a popular form of cryptocurrency, are designed to maintain a constant value of $ 1, making them useful for many types of crypt transactions.

“No game. No expedients. Just a real stability”, World Liberty Financial published On his X account.

Stablecoin is the fourth digital currency that Trump and his commercial partners have marketed to the public in the last year. World Liberty already offers a cryptocurrency called WLFI. This month, World Liberty announced He had sold $ 550 million of those digital coins. A commercial entity linked to Mr. Trump receives a 75 % cut of sales.

Days before his inauguration, Trump also started selling a so -called Memecoin, a type of digital currency based on an online joke or a celebrity mascot. Melania Trump put his memecoin on the market in the same weekend.

Trump has made aggressive incursions in the cryptocurrency market as his administration The application of cryptocurrencies easily and pull the regulations back. His efforts to profit from a sector that Supervision is equivalent to a huge conflict of interest, with practically no precedent in American history, said the government’s ethics experts.

The Stablecoin of World Liberty adds to that disordered node of commercial conflicts. The congress is taking into consideration the legislation to regulate the Stablecoins who could reach Mr. Trump’s desk before the end of the year. In a speech in a cryptographic conference this month, Mr. Trump called For “simple and common sense rules” for Stablecoin, saying that “expand the domain of the US dollar”.

Generally, Stablecoins are supported by activities that the coin issuer holds in reserve. Every time users want to redeem a stablecoin, they can go to the issuer and exchange digital money for the equivalent in cash.

In Tuesday’s announcement, World Liberty said he would have supported Stablecoin using short -term US payments, dollar deposits and other cash equivalent

“We are offering a stablecoin in digital dollars that sovereign investors and the main institutions can integrate with confidence in their strategies for transfrontier transfrontier transactions without continuity and safe,” said Zach Witkoff, one of the founders of World Liberty and the son of Steve Witkoff, Trump’s correspondent in the Middle East.

Once a cryptographic skeptic, Trump embraced digital currencies on the countryside track last year, promising to transform the United States into “The cryptographic capital of the planet”. The industry has spent tens of millions of dollars in support of Mr. Trump and to finance the congress candidates who spoke favorably on the cryptocurrency.

In September, Mr. Trump started World Liberty together with his children, as well as Steve and Zack Witkoff. They entrusted the daily operations of the company Two little -known entrepreneursChase Herro and Zak Folkman, who have practically no record record in the sector.

World Liberty initially promised to create a cryptographic platform that allows users to borrow and lend digital currencies. But so far, the company has not launched any product in addition to WLFI and Stablecoin.

The company has undertaken a kind of purchase, putting together an escort of cryptocurrencies that includes ethereal, as well as coins less known as on and links.

On a recent panel, Mr. Herro he said That world freedom was creating a “strategic reserve” of Token. He did not explain the final goal of the escort.

The idea had clear echoes of one of the initiatives of Mr. Trump in the White House – the creation of an American escort of Bitcoin, which he announced In an executive order of this month.