Mit Trump verbundener USD1-Stablecoin wird kurzzeitig abgekoppelt, WLFI unter Beschuss

tldr; The USD1 stablecoin, linked to entities associated with Donald Trump, briefly depegged from the US dollar on February 23, dropping to $0.994 before quickly recovering. Issuer World Liberty Financial (WLFI) attributed the incident to a coordinated attack involving compromised accounts, false information, and short selling. Despite the rapid recovery, the event raised concerns about confidence and stability. Unverified rumors, including insider trading and Eric Trump deleting promotional posts, circulated but remain unconfirmed. WLFI maintains USD1 is fully backed by reserves.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Also concerning is that „attackers hacked several WLFI cofounder accounts“

How competent are they?

Trusting the government for crypto is so bad lol

i don’t really get why anyone would use this? i mean with non stable coins there’s speculation. but why a small market stablecoin?