Changpeng Zhao (CZ), the founder of Binance and a prominent advocate for BNB Chain, confirmed that the smart contract for USD1 was deployed around 20 days ago.
Blockchain activity reveals that Wintermute, a market maker, engaged with the contract, including several test transactions, although no official confirmation has been made by the Trump family fund about its involvement.
In related developments, it was reported today that World Liberty Financial (WLFI), a decentralized finance (DeFi) project with rumored ties to the Trump family, has acquired a large amount of Mantle’s MNT token.
This acquisition comes shortly after a significant upgrade to the Mantle network. Blockchain analytics firms, including Lookonchain and Arkham Intelligence, revealed that WLFI purchased around 3.54 million MNT for roughly 3 million USDC, at an average price of $0.84 per token.
As a result, WLFI’s asset holdings, which also include ETH, WBTC, TRX, LINK, AAVE, and ENA, have now exceeded $340 million in total value.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/trump-family-linked-defi-project-launches-stablecoin-on-bnb-chain/