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Featured AnalysisPrimary topicStablecoins

Trump-Backed Stablecoin Briefly Slips as World Liberty Claims 'Coordinated Attack'

1h agoFeb 23, 2026, 5:20 PMNewsroom AI

World Liberty Financial’s USD1 stablecoin briefly fell below its $1 peg, dipping to about $0.994, while the project’s native WLFI governance token dropped roughly 7–8% during the same period [1][4][2].

The move followed the removal of a retweet by co‑founder Eric Trump promoting additional USD1 trading pairs on Binance; WLFI published a statement alleging a "coordinated attack" that involved hacked co‑founder accounts and paid influencers, according to the project and coverage of its posts [2][3][1].

Reports describe the depeg as brief and say the stablecoin’s price quickly moved back toward the dollar after the incident, while WLFI continues to attribute the volatility to the alleged coordinated action [3][1][4].

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