“The World Liberty Financial USD Token Was Deployed on Ethereum and Bnb Chain Earlier Its, and Addresses Linked to Wintermute and Bitgo Interated with the Token.”, – WRITE: www.coindesk.com
BLOCKCHAIN SLEUTHS EARLier Today Noted a Flurry of Activity with a token Labeled as World Liberty Financial USD (USD1) on Blockchain Monitoring WebsitesCan and Bscan. Blockchain Data Shows that USD1 Was Deployed Earlier this month on the Ethereum and Bnb Chain Networks and Series of Transactions with The Token Occurring Over The Past Couple Weeks.
Some Transfers Included Addresses Linked to Wintermute, A Large Digital Asset Trading Firm and Market Maker, and Crypto Custodian Bitgo, Access to Arkham Intelligent Data. The Token’s Supple Currently Stood at Atround 3.5 Million-3.5 Million on Ethereum and Bnb Chain, Per Ethrscan and Bscscan.
Blockchain Transactions with The USD1 Token on Ethereum (Arkham Intelligence)
Changpeng Cz Zhao, Founder of Crypto Exchange Giant Binance, Brough WideSpread Attention To The Token by “WelComing” The Project on BNB CHAIN IN AA POST WITH A POST WITH ACREEST. with his 10 Million Followers. The Post, He Later Said, Triggered A Wave of Copy-Cats Aiming to Capitalize on the New-Fundation.
Wlfi, reacting in a x post, SAID USD1 is not Currently Available for Trading and Crypto USers Should Beware of Scams.
Stablecoin BuzzWLFI, A Project Spearheaded by Zachary Folkman and Chase Herro, Made A Splash Last Year As One of the First Crypto Projects Enjoying the Backing of Trump. The Protocol Aims to Provide A Blockchain-Basted Marketplace WHERE USERS CAN Borrow and Lend Cryptocurrencies, Create Liquidity Pools and Transact With StableCoins.
It’s Been Widly Known That Project Is Working on Crafting Its Own Stablecoin, But There Hasn’s Been Any Official Communication About Exact Plans and Timing of Launcing The Token. Coindesk have reaured out to the team, But hasn’t received any replies.
Stablecoins are One of the Fastest-Growing Corners of the Crypto Industry and Widly Regarded As the Killer Use Case for Blockchains. With their prices pegged to an external asset, predominantly to the US dollar, they widly used as a Crypto Trading Pair and Transactions on Blockchain Rails. They are also increasing for everyday payments, remittans and savings, attracting the attraction of many venture capital investors.
Buzz Auge Crypto Agenda. Treasury Secretary Scott Bessentnt SAID THAT STABLECOINS HAVE A Key Role in Preserving The Us Dollar’s Global Role As a Reserve Currency.
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