Trump-backed crypto stablecoin dips following 'attack,' quickly recovers
Yahoo Finance·2026-02-23 23:10
By Lawrence Delevingne BOSTON, Feb 23 (Reuters) - 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, which was co-founded in 2024 by President Donald Trump, his three sons and a group of partners, ...