USD1, a stablecoin affiliated with President Donald Trump, just briefly dipped below its $1.00 price peg. The asset slipped to $0.9942 on Monday morning, before regaining its peg within a couple of hours. The decentralized finance (DeFi) project World Liberty Financial (WLFI), which issues USD1, attributed the volatility to a “coordinated attack” from hackers.
Source: Read the original article
