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Conor Devitt

USD1 falls to $0.9942 on February 23, 2026; WLFI cites coordinated attack

On February 23, 2026, USD1, a stablecoin linked to Donald Trump, briefly fell to $0.9942 before returning to its $1.00 peg within a couple of hours, according to the report. The issuer, World Liberty Financial, said the volatility followed a coordinated attack. Fine print on the platform's site now indicates DT Marks DEFI LLC holds approximately 38% of WLF Holdco LLC.