Addresses linked to World Liberty Financial are testing a smart contract to issue a dollar-pegged stablecoin. The fund is preparing for the new asset, which will be a part of its DeFi strategy. World Liberty Financial,

The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.

World Liberty Financial (WLFI), a decentralized finance protocol backed by the Trump family, has confirmed speculations about the launch of a dollar-backed stablecoin. According to an official press release on March 25,