All articles tagged with #usd1
World Liberty Trust Company won a conditional OCC charter to operate a crypto bank that will issue the USD1 stablecoin; under the 2025 Genius Act, USD1 deposits cannot earn interest and must be invested in high-quality securities like US Treasuries, with critics arguing its main appeal is to curry favor with the Trump administration while regulators say career staff oversaw the approval.
The Conversation piece claims Trump earned over $1 billion from crypto last year via three assets tied to World Liberty Financial: the USD1 stablecoin, WLFI governance token, and the $TRUMP memecoin. It explains USD1’s interest-earning model (backed by dollars and Treasury bonds), Binance’s involvement in USD1, a $2 billion UAE fund investment that boosted reserves, and significant profits from the memecoin venture, while noting investigations, regulatory scrutiny, pardons, and concerns about conflicts of interest.
The Trump family, through World Liberty Financial, launched USD1—a stablecoin pegged to the dollar and pitched as an upgrade to U.S. currency. They argue private-sector innovation can modernize finance and preserve dollar dominance, detailing plans at a Mar-a-Lago event and suggesting the private project could spur structural demand for U.S. debt. The venture frames itself as complementary to the dollar, not a threat, though questions remain about private control of a national monetary instrument.