SMART COINS

$USD1, World Liberty Financial's stablecoin, has become the fastest-rising stablecoin in terms of market cap, even as concerns remain around the DeFi venture's $WLFI token and listing on major exchanges.

Wyoming has made the first formal move toward issuing what could be the country's first state-issued stable token, which will be fully backed by U.S. Treasuries, cash, and repurchase agreements.

The Trump family's WLFI DeFi project has launched a native stablecoin, $USD1, which is not yet tradable but is already getting much attention in the crypto space as scammers moved to replicate the coin.

Stablecoins were at center of a House Financial Services Committee hearing Tuesday, wherein House Republicans highlighted the benefits of such coins to the broader financial system.