Donald Trump's World Liberty Financial venture will launch a stablecoin.

Foreks - The cryptocurrency project WLFI, linked to the Trump family, has officially announced plans to launch USD1, an institutional-grade stablecoin fully backed by short-term U.S. Treasury bonds, USD deposits, and other cash equivalents.

USD1 will be issued on Ethereum and BSC, with plans for expansion to other chains. BitGo will serve as the custodian of the USD1 reserves.