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International Business Times
International Business Times
Business
Marvie Basilan

Trumps' WLFI Launches $USD1 Stablecoin On Ethereum, BNB Chain; Coin Still Untradeable

WLFI Donald Trump United States Ethereum DeFi Changpeng CZ Zhao Crypto World Liberty Financial
U.S. President Donald Trump has promoted World Liberty Financial. (Credit: WLFI Website / Screenshot)

KEY POINTS

  • WLFI warned that $USD1 is not yet tradable and crypto users should beware of scammers
  • Binance's CZ also made a similar alert notice, saying many scammers have since created coins with the same name
  • The US Congress is trying to push stablecoin legislation first before other laws around digital assets

DeFi project World Liberty Financial (WLFI), wherein U.S. President Donald Trump serves as the "chief crypto advocate," has just launched its own stablecoin on Ethereum and Binance's BNB Chain, marking a major milestone in the project's journey in the wild cryptocurrency space.

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