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LONDON (Reuters) -Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by U.S. Treasuries, dollars and other cash equivalents and is designed to keep a value of $1, World Liberty said in the statement. Dollar-pegged stablecoins such as Tether and USDC have ballooned in recent years and now act as a key cog in the multi-trillion dollar crypto trading industry, helping move funds between different cryptocurrencies or into regular cash.

Let’s face it: artificial intelligence is the real change-agent in the world. We can cling to the idea that speculative tokens are retail products, or embrace crypto's supporting role as excellent technology in service of AI, says Steven Waterhouse.

Key indicators such as BTC's implied volatility index and funding rates point to subdued volatility expectations.

Kentucky Governor Andy Beshear has officially signed the “Bitcoin Rights” bill into law, a move that solidifies protections for cryptocurrency users within the state.

BlackRock has officially launched its iShares Bitcoin Exchange-Traded Product (ETP) in Europe, marking a significant expansion of its crypto offerings beyond North America.

TMTG, the media company owned by President Trump, has entered into a strategic partnership with Crypto.com to launch crypto ETFs.

The company's average acquisition cost is now roughly $97,300 per bitcoin.