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Big Market Maker Trump Invested Millions in the Coin Launched by His Crypto Project! - Coin Bulletin
DWF Labs received 1 million dollars under market maker activities for World Liberty Financial’s USD1 stablecoin, supported by Donald Trump.
The major cryptocurrency market maker DWF Labs recently received a transaction worth 1 million USD for the USD1 dollar backed stablecoin issued by World Liberty Financial (WLFI).
This step allowed market makers to take an important step to provide liquidity for the token with the start of USD1 trading on Ethereum and BNB Chain.
World Liberty Financial, a decentralized finance protocol supported by U.S. President Donald Trump and his family, recently announced the launch of a stablecoin called USD1. This stablecoin will be pegged to exactly one dollar and will be backed by assets such as short-term U.S. government securities and dollar deposits. BitGo will be responsible for securely storing these reserves.
Market makers like Wintermute also participated in the token’s test transactions. The stablecoin will initially be traded on Ethereum and BNB Chain and is expected to become available on other networks in the future.