Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Trump-linked stablecoin wobbles as WLFI says
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Trump-linked stablecoin wobbles as WLFI says
Trump-linked stablecoin wobbles as WLFI says it's under 'coordinated attack'
Trump-linked stablecoin wobbles as WLFI says it's under 'coordinated attack'
The USD1 token briefly fell to $0.994, some 0.6% below its $1 peg, CoinGecko data shows.
By Krisztian Sandor|Edited by Oliver Knight
Feb 23, 2026, 3:44 p.m.
Make us preferred on Google
World Liberty Financial leadership team (Jesse Hamilton/CoinDesk)
What to know:
- USD1 fell as low as $0.994 (0.6% below peg) before recovering to around $0.998.
- The project claims hackers compromised cofounder accounts, paid influencers to spread fear, and opened short positions on WLFI in an attempt to trigger panic and profit from volatility.
- Developers credited USD1’s dollar-for-token redemption feature with helping maintain confidence and prevent a deeper or prolonged depeg, underscoring how direct convertibility remains critical to stablecoin resilience.
USD1, the U.S. dollar stablecoin of World Liberty Financial — a crypto protocol with close links to President Donald Trump’s family — slipped from its $1 peg on Monday amid what the project’s developers described as a "coordinated attack" against the protocol.
The token fell to as low as $0.994 during the day, some 0.6% from its intended $1 anchor, CoinGecko data shows.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
In a Monday X post, the team behind USD1 said multiple cofounder accounts were hacked, influencers were paid to sow doubt, and short positions were opened against the protocol’s native token, WLFI, in what they framed as a deliberate effort to stir panic and profit from it.
"It didn’t work," the post said, saying that a redemption mechanism that allows USD1 holders to exchange their tokens for an equal amount of U.S. dollars as the reason the peg held firm.
However, the token still traded at $0.998, some 0.2% below its intended $1 price anchor, CoinGecko shows, which gathers price data from exchange pairs.
USD1 price (CoinGecko)
USD1, issued in partnership with crypto custodian BitGo (BITG) is among the largest dollar-backed stablecoins. It has a $5 billion market capitalization, but it still trails major players like Tether's USDT USDT$1.0002 and Circle's (USDC).
World Liberty FinancialStablecoinsTrump
More For You
Anthony Pompliano led Procap Financial dips toe into buybacks
The company, which has raised more than $750 million from investors, repurchased about $350,000 worth of its stock.
What to know:
- ProCap Financial repurchased 148,241 shares at what is said was about a 35% discount to NAV..
- BRR holds 5,007 BTC worth about $335 million, $70 million in cash, $100 million in convertible debt.
- The company said it is committed to narrowing that NAV discount.
Read full story
Latest Crypto News
Crypto.com wins initial approval for U.S. federally regulated crypto custodian bank
Anthony Pompliano led Procap Financial dips toe into buybacks
Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion
CoinDesk 20 performance update: AAVE gains 1.7% while index trades lower over weekend
BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion
U.S. Treasury may boost T-Bill issuance as stablecoins eye $2 trillion market cap: StanChart
Top Stories
Bitcoin stabilizes after overnight crypto rout, bouncing to $66,000
Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million
Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak
Ethereum's cofounder Vitalik Buterin sells more ether while prices continues to slide
To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing
Tariff travails resurface, bitcoin holders prepare for declines
Piyasa Fırsatı
WLFI Fiyatı(WLFI)
$0.1118
$0.1118$0.1118
USD
WLFI (WLFI) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.
Ayrıca Şunları da Beğenebilirsiniz
Trump Warns He Can Unleash Powerful Licensing Weapons on Foreign Nations in Escalating Trade Rhetoric
Trump Signals Aggressive Use of Licensing Powers in Foreign Policy Remarks
President Donald Trump said he could use U.S. licensing authorities to impose severe
Paylaş
Hokanews2026/02/24 01:03
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Paylaş
BitcoinEthereumNews2025/09/18 00:56
South Korea’s Hanwha Joins Jito Foundation to Build Liquidity Staking ETPs
TLDR Hanwha Asset Management formed a partnership with the Jito Foundation to build infrastructure for liquidity staking ETPs in South Korea. The partnership aims
Paylaş
Coincentral2026/02/24 00:57