📰 5. Trump-Backed Crypto Group to Launch USD1 Stablecoin and Investment Funds
A financial firm backed by President Donald Trump, World Liberty Financial, is preparing to launch a stablecoin dubbed “USD1”, along with a suite of investment funds targeting digital assets. This announcement follows a broader pro-crypto agenda within the Trump administration, aimed at reclaiming leadership in the blockchain and digital asset sectors.
Key points:
The stablecoin, USD1, will be pegged 1:1 to the U.S. dollar and backed by U.S. Treasury securities, mirroring strategies used by other major stablecoin issuers.
The initiative aims to compete with USDC and Tether, which dominate the current market.
World Liberty Financial also plans to roll out digital asset ETFs, blockchain infrastructure funds, and crypto-treasury portfolios tailored for retail and institutional investors.
Trump’s executive order last week supported the creation of a Strategic Bitcoin Reserve, further cementing the government’s new digital asset strategy.
The company claims the products will support “free-market capitalism on the blockchain” and encourage domestic innovation in crypto.
Why it matters: This move marks a direct fusion of politics, finance, and crypto, reinforcing Trump's pivot toward crypto-centric economic policy. The USD1 stablecoin, if successful, could become a politically influential competitor in the stablecoin space and significantly shape U.S. regulatory and adoption pathways.