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Reuters: A single wallet holds USD1 worth $2 billion, but the identity of the holder cannot be confirmed

2025-05-05 06:59

Odaily News Reuters cited Arkham data as saying that a single wallet holds USD1 worth $2 billion, and said that the identity of the wallet holder has not been confirmed so far.
Earlier, U.S. Democratic Senator Elizabeth Warren said that Trump's efforts to promote the development of stablecoins were suspected of conflicts of interest. It is reported that USD1 is a stablecoin launched by the Trump family's crypto project WLFI, which is backed by U.S. Treasury bonds, U.S. dollars and other cash equivalents. The current issuance value has reached about 2.1 billion U.S. dollars, but the identity of its main holders is still unclear. Earlier, Trump's son Eric Trump announced that USD1 has been officially selected as the official stablecoin for Abu Dhabi investment institution MGX to complete its $2 billion investment in Binance.