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Coinbase Listing: World Liberty Financial's USD1 stablecoin has been listed on Coinbase, backed by Eric Trump and Donald Trump Jr., marking a significant entry into the cryptocurrency market.
Market Impact: The listing is expected to influence DeFi markets positively, potentially increasing liquidity and adoption of stablecoins, while also reflecting growing institutional interest.
Regulatory Compliance: USD1 aligns with regulatory frameworks like the GENIUS Act, boasting a total supply of $2.4 billion and strong treasury backing, which may enhance its viability in regulated environments.
Ethereum's Role: As an Ethereum-based token, USD1 underscores the platform's importance in the stablecoin sector and its ongoing relevance in the broader DeFi and crypto landscape.
