The Trump family backed stablecoin USD1 briefly fell below its $1 value on Monday, dropping to about $0.994 before quickly recovering. World Liberty Financial said it had stopped a coordinated attack and that some cofounders’ X accounts were accessed without permission, but no smart contracts or funds were affected. The company said all USD1 reserves remain safe and fully backed. USD1 is currently trading close to $1 again and is the fifth largest stablecoin by market value.
Trump Backed Crypto Stablecoin Dips Following ‘Attack’, Quickly Recovers
