

Donald Trump-backed crypto venture World Liberty Financial launches a US dollar-pegged stablecoin with a total supply of more than $3.5 million.
According to data from Etherscan and BscScan, the project launched the World Liberty Financial USD (USD1) token in early March.
Former US President Donald Trump-backed crypto venture World Liberty Financial has launched a US dollar-pegged stablecoin with a total supply of more than $3.5 million.
Data from Etherscan and BscScan showed that the project launched the World Liberty Financial USD (USD1) token in early March. Former Binance CEO Changpeng “CZ” Zhao noted that the project’s smart contract was deployed on the BNB Chain and Ethereum, while World Liberty said the stablecoin was “not currently tradeable.”
The USD1 stablecoin launch came as US lawmakers are considering passing the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act. The bill moved out of the Senate Banking Committee on March 13 and is expected to be taken up for a full floor vote soon.
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said he expected the GENIUS bill to be on Trump’s desk by June.
Former Binance CEO acknowledging the USD1 launch. Source: Changpeng Zhao
Since the launch of the platform in September 2024, many aspects of World Liberty’s intentions have been shrouded in secrecy. The project’s website notes that the US President and some of his family members control 60% of the company’s equity interests. As of March 14, World Liberty has completed two public token sales, netting the company a combined $550 million.
The launch of the stablecoin on the BNB Chain came amid reports that the Trump family held talks with Binance about acquiring a stake in the crypto exchange and separately granting a presidential pardon to Zhao. CZ has denied reports of a deal between Binance.US and Trump and a pardon.
Conflicts of interest in Trump’s crypto ventures?
Before the project’s first public token sale in October 2024, World Liberty faced scrutiny from US policymakers, who accused Trump of conflicts of interest while running for office.
Days after Trump won the US presidential election, Tron Founder Justin Sun announced he would invest $30 million in World Liberty, likely leading to his position as an adviser to the firm. After Trump took office on Jan. 20 and Commissioner Mark Uyeda began leading the US Securities and Exchange Commission as acting chair, the regulator asked a federal court to pause its case against Sun “to explore a potential resolution.”
Sun and three of his companies faced allegations from the SEC of selling unregistered securities. Other executives at crypto companies who backed Trump and Republicans in the 2024 elections — some with financial contributions — including from Coinbase and Ripple, have since seen their SEC enforcement actions dropped under Uyeda.
Related: Trump becomes first US sitting president to speak at a crypto conference
World Liberty’s launch comes as the stablecoin market continues to grow. Online analytics platforms Artemis and Dune showed that the number of active stablecoin wallets increased by more than 50% from February 2024 to February 2025. The total market capitalization of stablecoins also surpassed $200 billion in January, with Tether (USDT) and USDC remaining two of the most popular ones on the market.
The above is the detailed content of Donald Trump-backed crypto venture World Liberty Financial launches a US dollar-pegged stablecoin with a total supply of more than $3.5 million.. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics



Pi Network recently held PiFest 2025, an event aimed at increasing the token's adoption. Over 125,000 sellers and 58,000 merchants participated

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

Ouyi usually refers to Ouyi OKX. The global way to download Ouyi OKX APP is as follows: 1. Android device: Download the APK file through the official website and install it. 2. iOS device: access the official website through the browser and directly download the APP.

Ethereum (ETH) price edges toward resistance, Tether news reveals a €10M media deal, and BlockDAG reaches new milestones with Beta Testnet and growing adoption.

Pi Network Celebrates Pi Day with a Bartering and Merchant Orientation Event in the Philippines

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.

1. Enter the web version of okx Euyi Exchange ☜☜☜☜☜☜ Click to save 2. Click the link of okx Euyi Exchange app ☜☜☜☜ Click to save 3. After entering the official website, the clear interface provides a login and registration portal. Users can choose to log in to an existing account or register a new account according to their own situation. Whether it is viewing real-time market conditions, conducting transactions, or managing assets, the OKX web version provides a simple and smooth operating experience, suitable for beginners and veterans. Visit OKX official website now for easy experience

The crypto market continues to face turbulence, with Cardano (ADA) dropping 12% to $0.64, prompting concern across the altcoin sector.