The Trump family’s USD1 enters the top five stablecoins
The growth of USD1 was driven by an application from World Liberty Financial to establish a trust bank, filed with the U.S. Office of the Comptroller of the Currency (OCC). If the application is approved, the company will be able to issue, redeem, convert, and custody USD1 under federal supervision.
“Made in America, designed for practical purposes, and used by serious organizations. This is what happens when you focus on infrastructure rather than noise,” wrote Donald Trump Jr., co-founder of World Liberty Financial and son of the U.S. president.
Over the past year, the Official Trump (TRUMP) memecoin, created on the Solana blockchain, has collapsed by more than 94% from its all-time high of $75. The token is currently trading at $4.66 with a market capitalization of $928.7 million.
The USD1 stablecoin has drawn accusations of a conflict of interest against Trump from U.S. lawmakers, in particular Democratic Senator from Massachusetts Elizabeth Warren. Warren stated that USD1 could pose a threat to U.S. national security because it is traded on the decentralized exchange PancakeSwap. According to the senator, $263 million linked to North Korean hackers was laundered through this platform.
Trump has earned around $1.4 billion from crypto projects, which accounts for roughly one-fifth of the family’s total wealth, Bloomberg found. Trump Media recently also announced the launch of its own tokens.
See also: "Bitcoin maintains dominance in a stronger crypto market in 2026"
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