Issuing a $51 million stable coin... "Trading not yet started"
);)
Binance founder Zhao Changpeng shared on his X account on the 25th, attaching on-chain records from Etherscan and BSC Scan, that World Liberty Financial issued more than $3.5 million (approximately 5.1 billion won) in stable coins earlier this month. Zhao Changpeng explained, "The smart contract for this project (stable coin) has been deployed on the BNB Chain and Ethereum" and "It is not yet in a tradable state".
USD1 is drawing attention as it was issued at a time when President Trump mentioned establishing clear stable coin regulations. On the 20th, at the Blockworks Digital Asset Symposium, President Trump stated that he requested the U.S. Congress to build a cryptocurrency market structure based on stable coin regulations.
In particular, Bo Hines, executive director of the Cryptocurrency Committee, mentioned that the stable coin regulation bill 'GENIUS' recently reached a party consensus in the U.S. Senate Banking Committee, and suggested that GENIUS would pass by June this year.
Meanwhile, Trump and the Trump family continue to emphasize maintaining U.S. global hegemony through cryptocurrency. Donald Trump Jr., who surprisingly appeared at the Onward Summit in New York in February, argued that "from an economic perspective, it will be the future that maintains U.S. global hegemony" and that a clear and flexible regulatory framework must be established to maintain U.S. hegemony.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
