Donald Trump Jr. celebrated a big milestone this week for the Trump family’s growing crypto business.
On Wednesday, he posted a screenshot from CoinMarketCap showing that USD1, a dollar-pegged stablecoin linked to the Trump-backed firm World Liberty Financial, had passed a $5 billion market value — less than a year after launching.
Trump Jr. called USD1 “built in America” and said it’s being “adopted by serious institutions.” His brother, Eric Trump, who also co-founded World Liberty Financial, echoed the excitement. With the latest surge, USD1 has become the fifth-largest stablecoin in the world, moving ahead of both PayPal USD and Ripple USD.
A fast rise in crypto
USD1’s rapid growth shows just how aggressively the Trump family has moved into the crypto space.
Trump Jr. has become one of the family’s most outspoken crypto supporters, while World Liberty Financial has positioned USD1 as the core of its decentralized finance platform. On that platform, users can lend and borrow digital assets using the stablecoin.
The company has also applied for a U.S. national banking license, signaling plans to issue and manage dollar-backed digital currency on a much larger scale. If approved, that would open up another major business line tied to the Trump brand.
Controversy follows the growth
USD1’s rise hasn’t been free of controversy.
The stablecoin was reportedly used to complete a $2 billion transaction between Abu Dhabi-based MGX and Binance. That deal drew criticism from Senator Elizabeth Warren, who raised concerns about a possible conflict of interest involving the Trump family and Binance founder Changpeng “CZ” Zhao, who was later pardoned by President Donald Trump.
Zhao has denied those claims, saying USD1 was used only as a payment tool, not as an investment in World Liberty Financial.
Bigger picture
Despite the scrutiny, USD1’s growth highlights how deeply the Trump family is now involved in crypto — and how much money is flowing into the sector.
As stablecoins, DeFi platforms, and tokenized finance continue to attract institutional interest, the Trump-backed USD1 has quickly become a major player, adding to the family’s expanding influence in the digital asset world.
