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Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’
World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing back to par, according to crypto data tracker CoinGecko. Stablecoins are typically designed to trade equal to the dollar to provide users with a stable medium of exchange and to serve as a store of value within the highly volatile crypto market. The stablecoin, which as about $5 billion market value, is the first product ... (full story)
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From channelnewsasia.com | Feb 23, 2026
The Trump family-backed crypto stablecoin, USD1, briefly dipped below its $1 benchmark price on Monday, to around $0.994, but quickly recovered. A spokesman for World Liberty Financial, for which USD1 is a signature product, said in a statement to Reuters its engineering and security teams had successfully repelled a coordinated attack. World Liberty, ...
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