According to Ai 姨, DWF Labs has become the second largest on-chain holder of the USD1 stablecoin, now holding 6 million USD1 tokens. On April 3rd, they received an initial tranche of 1 million tokens and have recently added another 5 million USD1 on the BSC network, which they then transferred to the Ethereum mainnet for market-making purposes.

According to The Kobeissi Letter, President Trump's World Liberty Financial has announced the launch of a new stablecoin named USD1, which is backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. This development is significant for traders as it introduces a stablecoin with a robust backing mechanism, potentially increasing investor confidence and offering a new option for stable trading pairs in cryptocurrency exchanges.

According to The Kobeissi Letter, President Trump's World Liberty Financial has launched a USD1 stablecoin, which is fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. This development is expected to provide a stable and secure option for traders looking to hedge against cryptocurrency volatility with assets backed by reputable financial instruments.