Trump-Backed Stablecoin USD1 Sparks Debate Over Financial Integrity
US Senators have raised concerns about potential conflicts of interest tied to the launch of USD1, a stablecoin backed by US President Donald Trump’s company WLFi. The $1.6 billion surge in stablecoin reserves has intensified debates over financial integrity, particularly with the US Congress debating the GENIUS Act, which could reshape stablecoin regulation. The controversy … Read more