Trump-backed DeFi project, World Liberty Financial, is moving their stablecoin, USD1, again. This time, they transferred $4M in USD1 to a fresh address, 0x495, which still holds the deposited stablecoins. 0x495 is now in the top 10 largest holders of the USD1 stablecoin. Shortly after, the World Liberty Financial multisig transferred another $7.5M worth in USD1 to a BitGet deposit address, 0x116, which has since moved the assets to their hot wallet, 0x1AB.
The USD1 stablecoin is a USD-pegged stablecoin backed by short-term US Treasuries, US cash deposits and US Dollars. The stablecoin has been used in a symbolic airdrop of 47 USD1 tokens to all participants in the World Liberty Financial WLFI token sale, as well as a historical $2B investment into Binance by Saudi investment firm, MGX.
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