特朗普推出了USD1，这是一个针对他的8800万Twitter追随者的稳定币

世界自由金融没有公开宣布发布。加密货币交易所Binance的前首席执行官Changpeng Zhao周一发布了一个链接到令牌

The social media presence for World Liberty Financial, the crypto project founded by former President Donald Trump, on Monday appeared to take aim at a post from Changpeng Zhao, the former CEO of the crypto exchange Binance.

由前总统唐纳德·特朗普（Donald Trump）创立的加密项目（Crypto Project）周一为世界自由金融（World Liberty Financial）提供了社交媒体的存在，似乎瞄准了加密交易所（Crypto Exchange Binance）前首席执行官Changpeng Zhao的职位。

Zhao had posted a link to the project’s cryptocurrency, $WLFI, to his more than 10 million followers on X, formerly Twitter. In his post, Zhao said he was “curious” about the project and had been following it closely.

赵已将项目的加密货币（$ wlfi）链接到他的超过1000万追随者X，以前是Twitter。赵在他的帖子中说，他对该项目感到“好奇”，并且密切关注该项目。

The social media account for World Liberty Financial then implicitly acknowledged the link’s legitimacy. “USD1 is not currently tradable. Beware of scams and follow us here for all official announcements,” it wrote.

随后，社交媒体对世界自由财务财务的说明，隐含地承认了该链接的合法性。它写道：“ USD1目前不交易。当心骗局，并在此处关注我们以获取所有官方公告。”

The project’s team did not immediately respond to a request for comment from Fortune. Here’s what we know about the Trump family’s stablecoin and his crypto venture:

该项目的团队没有立即回应《财富》的置评请求。这是我们对特朗普家族的Stablecoin及其加密货币冒险的了解：

What are stablecoins?

什么是Stablecoins？

Cryptocurrencies are volatile, and the prices of even blue-chip tokens like Bitcoin or Ethereum can soar or plummet 10% in hours. As their name implies, stablecoins are designed not to fluctuate. This is achieved by creating a reserve, typically in cash or Treasury bills, that back the stablecoin on a one-to-one basis.

加密货币是动荡的，即使是比特币或以太坊（以太坊）的蓝筹令牌的价格也可以在几个小时内飙升或下降10％。正如他们的名字所暗示的那样，稳定剂的设计不波动。这是通过创建通常以现金或国库账单的储备来实现的，该储备会一对一地支持稳定币。

Stablecoins can serve as a cash equivalent, and are especially popular with traders because they provide a shelter from volatility. They don’t require investors to go from crypto to fiat currency. The two largest stablecoins are USDT and USDC, which have market capitalizations of about $143 billion and $60 billion, respectively.

Stablecoins可以用作现金同等产品，并且在交易者中特别受欢迎，因为它们可以避免波动。他们不需要投资者从加密货币转变为法定货币。两个最大的稳定股份是USDT和USDC，它们的市值分别为1430亿美元和600亿美元。

Why would the Trump family launch its own stablecoin?

特朗普家族为什么要发起自己的稳定币？

Stablecoins are big business. Tether, the company behind USDT, reported that it had netted $13 billion in 2024 in an unaudited financial statement. And Circle, the company behind USDC, is reportedly planning to go public.

稳定币是大生意。 USDT背后的公司Tether报告说，该公司在一份未经审计的财务报表中在2024年净获得了130亿美元。据报道，USDC背后的公司Circle计划公开公开。

Tether and Circle back their stablecoins, pegged to the U.S. dollar, with treasuries, or tranches of U.S. debt. While holders of stablecoins don’t receive interest, stablecoin issuers can pocket sometimes 5% off of their treasuries, which accrue yield. It’s easy money. Tether bagged its billions in profit with only about 100 employees as of August. By comparison, Cisco, the telecom giant, needed 90,000 employees to net $12.6 billion.

系绳和圈养他们的稳定币，与美元或美国债务司机挂钩。尽管稳定币的持有人没有获得利息，但稳定的发行人有时可以享受5％的库存，这会产生收益。这是简单的钱。截至8月，Tether将其数十亿美元的利润行驶，仅约100名员工。相比之下，电信巨头思科需要90,000名员工才能净126亿美元。

What is World Liberty Financial?

什么是世界自由财务？

Announced in August, World Liberty Financial is one of Trump’s crypto products, which also include NFTs and a memecoin. The project is focused on DeFi, or decentralized finance. DeFi applications aim to replicate the businesses of banks—lending and borrowing—but on blockchains.

World Liberty Financial于8月宣布，是特朗普的加密产品之一，其中还包括NFTS和A Memecoin。该项目的重点是Defi或分散的财务。 DEFI应用程序旨在复制银行的业务（贷款和借贷），但在区块链上。

World Liberty Financial’s product plans are vague. It hasn’t launched yet, and its website has few details on what its platform does. The project’s “gold paper” says it intends to be a hub where users can access a suite of DeFi applications, like decentralized lenders or decentralized crypto exchanges. Trump is listed as “Chief Crypto Advocate”.

世界自由金融的产品计划含糊不清。它尚未启动，其网站几乎没有有关其平台的详细信息。该项目的“黄金纸”表示，它打算是一个枢纽，用户可以在其中访问一套Defi应用程序，例如去中心化的贷方或分散的加密交易所。特朗普被列为“首席加密辩护人”。

What has World Liberty Financial done so far?

到目前为止，世界自由财务状况如何？

World Liberty Financial’s product is still under wraps, but it has allowed people to buy its own cryptocurrency: $WLFI. The token allows users to vote on certain proposals that govern the yet-be-launched DeFi platform, according to the gold paper.

World Liberty Financial的产品仍在包裹中，但它允许人们购买自己的加密货币：$ WLFI。据《黄金报》报道，该令牌允许用户对某些管理尚未启动的Defi平台的建议进行投票。

Investors have flocked into the Trump family’s cryptocurrency. On Tuesday, the project announced that it had raised $550 million in token sales.

投资者涌入特朗普家族的加密货币。周二，该项目宣布已筹集了5.5亿美元的代币销售。

Ethics experts have raised alarm about the cryptocurrency’s potential for influence peddling. As an example, some critics pointed to Justin Sun, the target of litigation from the Securities and Exchange Commission, and his public purchase of $75 million worth of WLFI.

道德专家对加密货币的影响力潜力引起了警告。例如，一些批评家指出了证券交易委员会诉讼的目标贾斯汀·孙（Justin Sun），以及他公开购买了价值7500万美元的WLFI。

Who’s involved in World Liberty Financial?

谁参与世界自由财务？

The roster of participants in the project is a mix of Trump family members, loyalists and crypto developers. The president’s sons—Barron, Eric, and Donald Jr.—are World Liberty Financial’s “Web3 Ambassadors.” Steve Witkoff, a Trump loyalist and real estate magnate, as well as his two sons, Alex and Zach are listed as cofounders. And two DeFi developers, Zak Folkman and Chase Herro, are also listed as cofounders. The pair were behind the crypto project Dough Finance, which suffered a hack in July.

该项目的参与者的名册是特朗普家庭成员，忠诚主义者和加密开发商的混合。总统的儿子 - 巴伦，埃里克和小唐纳德。特朗普的忠诚主义者和房地产巨头史蒂夫·威特科夫（Steve Witkoff）以及他的两个儿子亚历克斯（Alex）和扎克（Zach）被列为联合创始人。还有两个Defi开发人员Zak Folkman和Chase Herro也被列为联合创始人。两人是加密计划面团金融公司的背后，该金融在7月遭受了黑客攻击。