Trump-backed USD1 stablecoin launches on two blockchains
World Liberty Financial, the Trump family-backed crypto venture, launched its USD1 stablecoin on Ethereum and BNB Chain.
What happened
USD1 had a market cap of roughly $125 million within weeks of its March 2025 launch and grew toward $4.5 billion in circulating supply by early 2026, driven partly by Middle East and Asia partnerships. World Liberty Financial is majority-owned by a Trump-family holding entity.
Why it matters
A stablecoin tied to the president's family launched weeks into his term and grew rapidly as foreign and institutional partners adopted it, raising questions about counterparties currying favor through a product that generates fees for the family venture.