The dollar-pegged USD1 stablecoin linked to the Trump family has surpassed a $5 billion market capitalization, less than a year after its launch. The milestone places USD1 among the five largest stablecoins globally, overtaking products issued by PayPal and Ripple, according to market data shared by the project’s founders.
USD1 is issued by World Liberty Financial, a crypto firm co-founded by Donald Trump Jr. and Eric Trump, and serves as the core settlement asset for the company’s decentralized finance platform. The rapid growth reflects rising institutional interest in regulated, dollar-backed digital assets used for payments, lending, and on-chain settlement.
The stablecoin’s expansion has also drawn regulatory attention after it was used in a high-profile $2 billion transaction involving Binance. While the company has denied allegations of impropriety, the episode underscores the growing scrutiny facing stablecoins as their role in global finance continues to expand.
