Trump-Tied Stablecoin Stumbles Amid Alleged ‘Coordinated Attack’
CoinGecko data shows the USD1 token (ticker WLFI) slipped to $0.994 on Mon, Feb. 23, 2026, roughly 0.6% under its $1 target before recovering. The stablecoin’s issuer publicly described the move as the result of an alleged “coordinated attack,” saying market pressure briefly overwhelmed normal liquidity channels. The deviation was short-lived but notable given the token’s political branding and recent spotlight.
Why it matters: even small, transient depegs erode confidence in dollar-pegged tokens and can trigger redemptions or tighter spreads for traders. Market participants and regulators often watch such episodes for signs of reserve weakness or manipulation. Investors in WLFI and broader stablecoin markets will be watching reserve disclosures, on-chain flows and any follow-up statements from the issuer to judge whether this was an isolated incident or part of a larger vulnerability.