Coinbase Announces Listing of Trump Family’s Stablecoin USD1
The largest U.S. crypto exchange, Coinbase, is preparing to launch trading of the USD1 stablecoin, issued by the Trump family–owned crypto lending platform World Liberty Financial.
The exact listing date for USD1 on Coinbase was not disclosed, with the company noting that the decision will depend on the results of technical testing and regulatory approval.
“We will announce the start of trading separately once all conditions are met,” Coinbase said on social media.
Following the news, USD1’s market capitalization surged by 9.3% to $2.42 billion, pushing it into the top ten most popular U.S. dollar–pegged investment assets and making it the sixth-largest stablecoin in the world by market cap.
Earlier, representatives of the crypto project stated that World Liberty Financial is launching a loyalty program for USD1 holders, rewarding users for trading USD1 pairs on partner exchanges, holding the token in balances, and staking USD1.
In May, World Liberty Financial conducted a vote to test the mechanism of an airdrop distribution of USD1 to early WLFI token holders.
See also: "MetaMask Wallet to Launch Its Own Dollar-Pegged Stablecoin mUSD"
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