A certain single wallet holds USD 1 worth 2 billion dollars in value, and the owner's identity cannot be confirmed at the moment

BlockBeats News, May 5th, Reuters quoted Arkham Data as saying that a single wallet holds USD 1 billion worth of USD1, and it is still unable to confirm the identity of the wallet owner.

Previously, U.S. Democratic Senator Elizabeth Warren alleged that there is a potential conflict of interest in Trump's efforts to promote stablecoin development. It is reported that USD1 is a stablecoin launched by the Trump family's crypto project WLFI, backed by U.S. Treasury bonds, the U.S. dollar, and other cash equivalents. The current market capitalization has reached approximately USD 2.1 billion, but the identity of its main holder remains unclear.

Trump's son Eric Trump has announced that USD1 has been officially selected by the Abu Dhabi investment firm MGX as the official stablecoin for its USD 2 billion investment in Binance.