The revelation raised concerns about transparency and control in the crypto space, especially since World Liberty Financial is backed by the Trump family.
Source: CoinMarketCap
Launched by Eric Trump, USD1 is promoted as one of the most transparent and regulated stablecoins. It runs on the TRON blockchain and aims to ensure consumer protection and compliance.
Despite the claims, the concentrated ownership has alarmed market analysts. Critics argue it contradicts the stablecoin’s stated goals of decentralization and openness.
As of May 5th, USD1 trades at $1.00 with a $2.13 billion market cap and $21.43 million in 24-hour volume, according to CoinMarketCap. Analysts warn that such centralization could influence regulatory perspectives on stablecoins moving forward.
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