USD1, a Self-Proclaimed “World Liberty Financial USD” Stablecoin, Launched on BSC Today

While there has been no official announcement from the Trump Family-linked project itself, leading market maker Wintermute interacted with this stablecoin.

The crypto community is buzzing with activity today as they noticed a new stablecoin, being touted as a self-proclaimed “World Liberty Financial USD” (USD1), launched on Binance Smart Chain (BSC).

While there has been no official announcement from the Trump Family-linked project itself, leading market maker Wintermute interacted with this stablecoin.

Former Binance CEO Changpeng "CZ" Zhao also made a comment on this asset, but in minimal detail. So far, there’s no clear proof of an actual Trump connection.

Is World Liberty Financial Launching a Stablecoin?

Binance, the world’s largest cryptocurrency exchange, may be getting ready for a big business move. Last week, reports alleged that the firm was in talks with WLFI to launch a new USD-backed stablecoin while the Trump family would buy a stake in it.

However, neither party has yet to confirm these rumors. But today, the crypto community noticed USD1, an alleged WLFI stablecoin on Binance Smart Chain (BSC).

“The Trump Family Foundation just issued a stablecoin on BSC, and the market-making agency Wintermute also participated in it. I guess the Trump Family Foundation found that stablecoins are still profitable and wanted to make stablecoins, so it would be perfect to set up an exchange and invest in it!” Old Driver claimed.

This angle made the issue particularly interesting. Wintermute is a high-profile crypto market maker with a daily trading volume of over $2.24 billion.

Earlier this year, it did business with Binance and previously invested in Ethena Labs. Given Wintermute’s involvement, the crypto community is speculating that World Liberty Financial might be involved with this stablecoin.

Changpeng "CZ" Zhao, former CEO of Binance, also mentioned that USD1’s smart contract was first deployed 20 days ago and he welcomed the token to BNB Chain.

Shortly afterward, however, he warned the community that the USD1 name was being used by scammers.

“I was told since this post, a lot of scammers created coins with the same name. The official USD1 is not tradeable yet. Please do not fall for the scams,” CZ added.

Despite referring to "the official USD1," CZ’s statement isn’t a clear indicator of any official partnership between Binance and World Liberty Financial.

Several social media commentators with substantial followings responded to his posts, warning that the market may take his spontaneous posts completely out of context. CZ’s "off the cuff" posting style could create misunderstandings.

"You still don’t understand the influence of your tweet. Most people actually don’t know that you’re just spontaneous with your tweets," Ben Todar,

Neither WLFI nor Binance has yet to officially comment on this stablecoin or acknowledge any partnership.