I just saw that that stablecoin linked to Trump is having serious problems. Apparently WLFI says it is being attacked in a coordinated way, but honestly I don't know if that's an excuse or if there is really something shady behind it.

The issue is that these stablecoin projects always generate a lot of controversy. One would think that something backed by a political figure would have more stability, but it seems that's not the case. The price is wobbling, and those who entered early must be worried.

The strange thing is that WLFI blames a coordinated attack. Could it be true or is it just an attempt to explain why the stablecoin isn't maintaining its value? Because if a stablecoin can't keep its parity, that's a fundamental problem, not just a security issue.

Is anyone else following this or is it just me who finds this somewhat suspicious?