Key Takeaways:
- Trump-linked World Liberty Financial launched USD1, a stablecoin deployed on Ethereum and BNB Chain, with over $3.5M in supply but not yet tradeable.
- The project is tied to a potential 60% ownership by Trump and his family and has raised $550M through two public token sales.
- The launch coincides with U.S. legislative movement on stablecoin regulation, with the GENIUS Act advancing in the Senate.
A cryptocurrency venture linked to former U.S. President Donald Trump, World Liberty Financial, has launched a new stablecoin called USD1.
Pegged to the U.S. dollar, USD1 went live on March 4 with a supply exceeding $3.5 million, although it is not yet tradeable.
Welcome to @BNBChain!
— CZ 🔶 BNB (@cz_binance) March 24, 2025
According to BSCScan, the smart contract was deployed 20 days ago. Build! 👏https://t.co/qr22y4pXqE https://t.co/J0TvwEnUin
The token is deployed on both the Ethereum and BNB Chain blockchains, with former Binance CEO Changpeng “CZ” Zhao acknowledging the launch publicly.
The debut comes as U.S. lawmakers consider new stablecoin regulations under the GENIUS Act, which recently advanced through the Senate Banking Committee and could reach Trump’s desk by June.
Founded in September 2024, World Liberty Financial remains largely secretive, though its website reveals that Trump and his family own a 60% stake.
The project has already raised $550 million through two public token sales.
Rumors have swirled around potential negotiations between the Trump family and Binance, including speculation of a stake in the exchange or a pardon for Zhao, though CZ has denied any such discussions.
The launch of USD1 adds a political layer to the evolving crypto regulatory landscape.
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