Bitrue Backs Politically-Linked Stablecoin USD1 Despite Expected Pushback Over Trump Ties
Crypto exchange Bitrue on Thursday rolled out USD1, a stablecoin backed by World Liberty Financial and closely associated with the Trump family, as a base trading currency.
Speaking with Benzinga, Bitrue’s Chief Marketing Officer Adam O’Neill acknowledged that the Trump-linked USD1 could face scrutiny.
“The one outlier here is USD1 given that it has direct ties to the Trump family and there will definitely be some pushback on that front,” O’Neill said. “But ultimately the convenience of adopting USD as a globalized currency is too great for the majority of users.”
Bitrue’s support for USD1 goes beyond symbolic listings.
The exchange announced it had launched 10 USD1 base trading pairs including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Ripple‘s (CRYPTO: XRP), …
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