World Liberty Financial’s USD1 stablecoin slips below dollar peg amid coordinated attack claims

World Liberty Financial, a crypto venture backed by President Donald Trump and his family, reported that its USD1 stablecoin temporarily lost its dollar peg, falling to around $0.98 on Binance before recovering within half an hour. The firm attributed this brief depeg to a "multi-pronged assault," which included hackers compromising co-founder X accounts, influencers being paid to spread FUD (Fear, Uncertainty, Doubt), and traders opening massive short positions against their governance token, WLFI. World Liberty stated that its sound mint-and-redeem mechanism and collateral structure allowed for rapid stabilization, confirming that USD1 holders can convert tokens directly to dollars one-to-one. During the disruption, the WLFI governance token also dropped nearly 8% before partially recovering.

(Source：Crypto Briefing)