His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the U.S. dollar, according to Bitcoin or Ethereum can soar or plummet 10% in hours.
The company said Tuesday that the stablecoin, dubbed USD1, will be pegged to the U.S. dollar and be backed by ... has raised $550 million through two token sales, including $250 million announced ...
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