![[🡽] Trump-Backed Crypto Bank Joins Stablecoin Wars with New Dollar-Pegged Token](https://i2.wp.com/image.cnbcfm.com/api/v1/image/108102045-1739453094814-gettyimages-2198662981-WORLD_LIBERTY_FINANCIAL.jpeg?v=1742912064&w=1480&h=833&ffmt=webp&vtcrop=y&w=768&resize=768,0&ssl=1 "[🡽] Trump-Backed Crypto Bank Joins Stablecoin Wars with New Dollar-Pegged Token")
World Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a stablecoin. The stablecoin, dubbed USD1, will be pegged to the U.S. dollar and be backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents.