Crypto Group supported Donald Trump to start Stablecoin

Unlock Newsletter White House Watch Free

Your guide to what it means from 2024. AMERICAN ELECTIONS FOR WASHINGTON AND THE WORLD

World freedom Financial, a group of cryptocurnancy supported by Donald Trump and his sons, will launch his Stablecoin to move to the market that the American president did to the policy to promote.

Token, called USD1, is the highest product from the CRIPTO project, which was founded in areas at November Presidential Election.

The new coin emphasizes how Trump and his associates want to profit from resources Digital resource marketAt the time the President stands for more crypto Friendly policies. Some critics argued that this approach increases concerns about the conflict of interest.

A special Trump CRIPTO project has made at least 350 million dollars from the launch of the so-called “memecoin” called Trump Trump, which has no internal value, the financial age reported earlier this month.

VLF’s attack in Stablecoins It comes as policy makers in the legislation in Washington, which would regulate and encourage financial products in the United States. Trump also signed the executive order in January, he sought to promote “legitimately and legitimately” aided in the dollar StablecoinsTo protect the sovereignty of American currency, marking significant departure from Joe Biden’s administration, which took a far more skeptical view.

Tokens are the form of private banknotes designed to keep the permanent value of dollars per coin. They act as a cash reserve outside the regulated banking system and are widely used in the cryptocurrency markets. The value of more than $ 250 billion is in circulation. Two groups of cryptocurnancy, Tether and Circle dominated by Stablecoin’s market.

However, their increase was encouraged by concern among regulators in the United States and abroad on the potential risks of financial stability and new roads for consumer fraud. Creammirls for Policies in Washington are discussing laws that could set qualifications for issuers such as adherence to adequate reserves and proper public announcement.

World Freedom, which states Trump as its “main CRIPTO lawyer” and the US special envoy to the Middle East Steve VIKOFF, said that the USD will be associated with the US dollar and supported by short-term American cash registers and other cash and other cash equivalents. It also said it would convert “conservative” access to stablechoins that writes “offers clarity and security needed for a wider institutional adoption.”

Zach VIKFF, co-founder of VLF and the son of Steve VIKOFF, said: “USD1 provides what algorithmic and anonymous projects cannot – access the powers (decentralized finances) who supported credibility and protective measures of the most popular names in traditional finances.”

Since its launching VLF set up more than $ 1 billion from selling 26bn tokens, which gives owners only limited voting rights, without economic rights and cannot be traded.

Investors include $ 75 million purchases of Justin Sun, a Cripto entrepreneur who bought and ate American artwork in the amount of $ 6 million in November.

Long-lasting lawsuit between the sun and American regulators of securities for charges for fraud and other violations of the law on securities, so it paused in February, while both parties have committed them to discuss resolution. He denied the allegations.

The World Freedom Project deepened the Lies of Trump family with the cryptocurrent market. Trump Media, which also leads to the social platform of truth and most of the recommended trust, late Monday, partners will partners from CRIPTO.com will be created by the CRIPTO focused exchanged funds that will use the “Truth.fi” brand.

The actions in Trump media increased on Tuesday 5.8 percent.