Back to the reason why i came here, i recently learned about a new project associated with the Trump family and Zach Witkoff, and I'd like to hear your view about it. The project is called $USD1, and after reviewing the whitepaper, it seems pretty solid as it's a fiat-backed stablecoin. With many stablecoins available, I'd consider converting my USDT to $USD1 once it's listed on CEXs, especially since this initiative aims to reward early adopters and test the airdrop mechanism. What do you think?
I assume this is the stable coin you are discussing with us
https://www.coingecko.com/en/coins/usd1, it's currently only traded on one exchange Kinesis.money, honestly, I don't want to invest in anything related to the Trump family; they engaged in a pump and dump scheme, and only protect their interest, I did some research and the project has been flagged by lawmakers.
There will be a lot of controversy if they proceed with the airdrop. Trump has been finding ways to create or find a cash cow to continue profiting from cryptocurrency.
US lawmakers have consistently questioned the project’s ties to US President Donald Trump and flagged potential ethical concerns related to the project.
A recent letter to Treasury Secretary Scott Bessent, signed by several Democratic lawmakers, flagged WLFI’s decision to reserve 90% of its token sale for foreign investors.
https://cryptoslate.com/over-40-wlfis-usd1-airdrop-approval-vote-concentrated-to-5-wallet-addresses/