UPDATE: Since then, WLFI has released more information about the official USD1 launch.
World Liberty Financial (WLFI), a Defi project that is partly owned by the family of US President Donald Trump, has warned investors about fake versions of the USD1 Stablecoin still to be launched.
In a March 24 announcement On X (formerly Twitter), the project and Changpeng Zhao (CZ) clarifying That USD1 is not yet available for trade. It urged the public to stay vigilant and emphasizes that every USD1 tuck is currently circulating fraudulent.
The project explained:
“USD1 is currently not tradable. Beware of scams.”
WLFI is a Defi project aimed at building a decentralized ecosystem that includes borrowing, borrowing and transactions based on stablecoin.
Since February, the project has assigned $ 28.6 million to six digital assets, including ETH, WBTC, Move, Sei, Avax and MNT.
Despite the heavy investment, the portfolio is currently on a non -realized loss of $ 1.62 million, according to blockchain analytical platform Spotonchain.
Fake USD1 -Tokens -surface
Although WLFI’s plans for a Stablecoin have been public for months, the team had not shared an audience about the project until speculation grew after former Binance CEO CZ recognized The SMART contract of the USD1 on the BNB chain.
Zhao noted that the token was deployed and tested at the beginning of March.
Blockchain -analysis company lookonchain reported That prominent cryptomarket maker Wintermute was interaction with token. Unclean facts Show that more than $ 3.5 million has already been beaten in USD1.
However, the buzz has also attracted scammers.
Within a few hours after Zhao’s post, Imitation Dockens started to appear in large networks such as Solana, Ethereum and BNB chain. Facts Van Dexscreener confirmed that several non -related projects had used the same name to mislead investors.
As a result, Zhao insisted on the public to stay careful and to emphasize that the official token of WLFI is not yet.
He stated:
“The official USD1 is not yet tradable. Please do not fall for the scams.”
Once launched, USD1 will compete with large dollar-pegged stablecoins such as Tether’s USDT, Circle’s USDC and Ripple’s RLUSD.
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