ChainCatcher reported, citing Solid Intel, that payments involving about $12 billion in Iranian frozen assets may be completed using USD1, a stablecoin associated with Trump. The report describes USD1 as the World Liberty Financial stablecoin issued by World Liberty Financial.
According to sources cited in the report, the related transaction is expected to be approved through a democratic voting process on the World Liberty Financial forum. Under the arrangement described in the report, the transaction would therefore go through a forum-based approval process before settlement proceeds.
The report also stated that all payments will be settled in USD1. The key details in the news item are the approximate $12 billion amount, the proposed use of USD1 as the settlement asset, and the expected approval route through the World Liberty Financial forum’s democratic voting process. ChainCatcher published the item as a 7x24H news flash.