ADI PredictStreet, a prediction market platform linked to Abu Dhabi’s royal family, has abruptly removed support for the Trump family’s stablecoin, USD1. The move comes after months of promoting the token as the sole deposit method for its FIFA World Cup prediction market.
PredictStreet’s initial partnership with World Liberty Financial, the issuer of USD1, appeared to be a major endorsement for the Trump-backed cryptocurrency. The stablecoin had been generating profits and seeking new users, and the collaboration with PredictStreet seemed like a strategic win.
The sudden reversal raises questions about the stability of USD1 and its future adoption. While PredictStreet did not provide a reason for the change, the decision could signal broader challenges for the Trump family’s cryptocurrency ambitions.