The latest player to jump into the very crowded stablecoin space is the self-described "stable genius" himself — President Donald Trump. This week, his World Liberty Financial crypto project announced the launch of its own USD1 stablecoin,

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,

President Trump has raised alarm bells with his stablecoin project USD1 that observers say leaves him open to foreign influence.