昨天世界自由金融公司（“ WLFI”）宣布了USD1 Stablecoin的计划

昨天，世界自由金融公司（“ WLFI”）宣布了USD1 Stablecoin的计划。这家特朗普附属公司表示，在彭博社报道说，两周前，彭博社报道，彭博社在与WLFI进行讨论后，它将最初对以太坊和Binance Smart Chain发行IT。

Yesterday World Liberty Financial Inc. (WLFI) announced plans for the USD1 stablecoin. The Trump affiliated firm says it will initially issue it on Ethereum and the Binance Smart Chain, after Bloomberg reported Binance was in discussions with WLFI about a stablecoin two weeks ago. BitGo, a digital asset custody firm, will provide custody of the reserves.

昨天，世界自由金融公司（WLFI）宣布了USD1 Stablecoin的计划。这家特朗普附属公司表示，在彭博社报道说，两周前，彭博社报道，彭博社在与WLFI进行讨论后，它将最初对以太坊和Binance Smart Chain发行IT。数字资产监护公司Bitgo将提供储备的监护权。

The news comes following Trump’s Executive Order making stablecoins a cornerstone of his crypto agenda. If it remains on track, stablecoin legislation is expected to be finalized by the end of April.

这一消息是在特朗普的行政命令使Stablecoins成为他加密议程的基石之后。如果它保持正轨，则预计将在4月底完成稳定的立法。

WLFI’s parent is 60% owned by a company affiliated with Donald Trump and his family members, although only Eric Trump plays an active role. Last week the company announced it had raised a total of $550 million in sales of the WLFI token. Some of the 85,000 token holders complained that they had no role in the governance decision to issue the stablecoin.

WLFI的父母是由唐纳德·特朗普（Donald Trump）及其家人隶属的公司拥有的60％，尽管只有埃里克·特朗普（Eric Trump）发挥了积极的作用。上周，该公司宣布已筹集了总计5.5亿美元的WLFI代币。 85,000个令牌持有人中的一些人抱怨说，他们在签发稳定的政府决定中没有作用。

WLFI is separate from the entity that issued the $TRUMP meme coin in January.

WLFI与一月份发行$特朗普模因硬币的实体分开。

Also Read: Bitcoin Price Analysis: BTC Flirts With $40K Level As Market Awaits CPI Data

另请阅读：比特币价格分析：随着市场等待CPI数据，BTC调情以$ 40K的价格调情

BitGo as custodian: tokenized reserves?

Bitgo作为托管人：象征性的储量？

A notable aspect of the announcement was the selection of BitGo as custodian, which might be considered a controversial choice. BitGo is a digital asset custodian and has held a New York Trust license since 2021. But it would not be an obvious company to provide custody for conventional Treasuries.

公告的一个值得注意的方面是将Bitgo选择为保管人，这可能被认为是一个有争议的选择。 Bitgo是一名数字资产保管人，自2021年以来一直持有纽约信托执照。但是，为传统纪念品提供监护权并不是一家明显的公司。

That’s unless USD1 reserves won’t be held in conventional Treasuries but in their tokenized form. The latest iteration of the GENIUS Act stablecoin legislation inserted a new clause supporting this idea. What a coincidence!

除非USD1储备金不会以传统的国债而不是以象征性的形式持有。 《天才法》的最新迭代stablecoin立法插入了一个支持这一想法的新条款。多么巧合！

That said, it is not a radical idea. Ondo Finance is one of WLFI’s partners and its USDY yield bearing coin invests in BlackRock’s BUIDL tokenized treasury fund. It’s a pragmatic strategy because everything is on chain, enabling automated redemption and issuance.

也就是说，这不是一个激进的想法。 Ondo Finance是WLFI的合作伙伴之一，其USDY收益率硬币投资于BlackRock的Buidl代币化财政基金。这是一种务实的策略，因为一切都在链上，可以自动兑换和发行。

However, USDY is an investment token rather than a payment instrument. And a payment instrument demands lower risk. After all, the holders of USDY get a return but the holders of USD1 will not get any yield, so they expect the lowest risk.

但是，USDY是一种投资令牌，而不是付款工具。付款工具需要较低的风险。毕竟，Usdy的持有人会获得回报，但USD1的持有人不会获得任何收益，因此他们期望风险最低。

Hence, the one major drawback of depending on tokenized assets for stablecoin reserves is the additional layer of risk. What if something goes wrong? What if the entity doing the tokenization of Treasuries gets hacked or runs off with the money?

因此，取决于稳定储备的令牌资产的一个主要缺点是额外的风险层。如果出了什么问题怎么办？如果进行国库令牌的实体被黑客入侵或用这笔钱跑去怎么办？

Why BitGo?

为什么要Bitgo？

BitGo is closely associated with another controversial WLFI ally, Justin Sun who is the founder of the TRON network. The initial offering of the WLFI token wasn’t going that well. Sun’s early investment of $30 million put it on the map.

Bitgo与另一个有争议的WLFI盟友Justin Sun是Tron Network的创始人密切相关的。 WLFI代币的最初提供的进展并不顺利。 Sun的3000万美元投资将其放在地图上。

Also Read: Despite Recent Sell-Off, Bitcoin Remains Best-Performing Asset Class In Last 5 Years

另请阅读：尽管最近抛售了，但比特币在过去5年中仍然是表现最好的资产类别

Meanwhile, BitGo is the curator of wBTC the popular wrapped version of Bitcoin, and last year announced plans to transfer much of that responsibility, including two of three private keys, to BitGlobal, a new entity associated with Justin Sun. At the time, wBTC had a market capitalization of around $9 billion.

同时，Bitgo是WBTC的策展人，是受欢迎的包装版本的比特币，去年宣布了将大部分责任转移到包括三个私钥中的大部分责任的计划，其中包括三个私人钥匙，将其转移到了与Justin Sun相关的新实体。当时，WBTC的市值约为90亿美元。

In response, the MakerDAO (now Sky) stablecoin protocol radically reduced its exposure to wBTC from $500 million to under $20 million today. The wBTC plan was watered down so that two BitGo entities now control two out of three keys.

作为回应，Makerdao（现为Sky）Stablecoin协议从根本上将其对WBTC的曝光率从5亿美元减少到了今天的2000万美元以下。 WBTC计划被浇水，因此现在有两个BitGo实体控制了三个钥匙中的两个。

A few years ago, Galaxy Digital planned to acquire BitGo, but the deal fell through after BitGo failed to deliver audited accounts. BitGo sued Galaxy, but surprisingly Galaxy recently started to work with the company again.

几年前，Galaxy Digital计划获取BitGo，但是在Bitgo未能提供经过审计的帐户之后，交易失败了。 Bitgo起诉Galaxy，但令人惊讶的是Galaxy最近再次与该公司合作。

BitGo is not an unknown entity and has a few traditional finance associations. For example, Goldman Sachs is one of its backers and it provides services to Korea’s Hana Bank.

Bitgo不是一个未知的实体，并且具有一些传统的金融协会。例如，高盛是其支持者之一，它为韩国的Hana银行提供服务。

One takeaway from the USD1 announcement – keep an eye on changes in the GENIUS Act. They could show hints of USD1 plans.

USD1公告的一个收获 - 请密切关注《天才法案》的变化。他们可以显示USD1计划的提示。