Trump-backed crypto stablecoin dips following 'attack,' quickly recovers


Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration

BOSTON, ⁠Feb 23 (Reuters) - The Trump family-backed crypto stablecoin, USD1, ⁠briefly dipped below its $1 benchmark price on Monday, ‌to around $0.994, but quickly recovered.

A spokesman for World Liberty Financial, for which USD1 is a signature product, said in a statement to ​Reuters its engineering and security teams ⁠had “successfully repelled a coordinated ⁠attack.”

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