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President Trump Plans to Launch a New Stablecoin. Here's What Investors Need to Know.
Is a digital dollar the same as a real-world dollar? We're about to find out.
At the end of March, World Liberty Financial, the crypto company affiliated with President Donald Trump and his family, announced plans to launch a new stablecoin known as USD1.
While details are still forthcoming, USD1 will likely be similar in concept to popular stablecoins such as Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC), which have a combined market cap of about $200 billion.
The launch of a new stablecoin by a Trump-affiliated financial entity marks yet another key step in the development of the Trump White House's crypto strategy. There's a lot to unpack here, so let's take a closer look at how this new stablecoin could affect you as an investor.
