PANews reported on May 5 that the USD1, a dollar-denominated stablecoin issued by World Liberty Financial, a crypto project of the Trump family, has a current issuance value of approximately US$2.1 billion, but the identity of its main holder is still unclear. According to Arkham monitoring data, an independent wallet holds US$2 billion worth of USD1, accounting for approximately 95% of the issuance value. The identity of the holder of the wallet cannot be confirmed for the time being.

Earlier , Eric Trump, son of US President Trump, said that the US dollar-denominated stablecoin USD1 issued by World Liberty Financial has been officially selected as the official stablecoin for Abu Dhabi investment institution MGX to complete its $2 billion investment in Binance. Earlier this year, Abu Dhabi-based investment company MGX spent $2 billion to acquire a stake in Binance.