Trump-backed stablecoin hits $5 billion as first family cashes in

Donald Trump Jr. on Wednesday celebrated a major milestone for the Trump family’s crypto empire, hailing the dollar-pegged USD1 stablecoin after it surged past a $5 billion market capitalization less than a year after launch.

Trump Jr., a co-founder of World Liberty Financial, posted a screenshot from CoinMarketCap on X to mark the achievement, calling USD1 “built in America” and “adopted by serious institutions.” His brother Eric Trump, also a co-founder, echoed the celebration as USD1 climbed to become the fifth-largest stablecoin globally, overtaking PayPal USD and Ripple USD.

The rapid rise of USD1 underscores how aggressively the Trump family has positioned itself to profit from the crypto sector.

Trump Jr. has emerged as a vocal crypto advocate and operator, while World Liberty Financial has made USD1 the backbone of its decentralized finance platform, where users can lend and borrow digital assets.

The company has also applied for a U.S. national banking license, signaling ambitions to issue and custody dollar-backed digital currency at scale—another revenue stream for the Trump brand as it deepens its footprint in digital assets.

USD1’s ascent hasn’t come without controversy. The stablecoin was used to close Abu Dhabi-based MGX’s $2 billion deal with Binance, drawing scrutiny from Sen. Elizabeth Warren, who alleged a potential quid pro quo involving the Trump family and Binance founder Changpeng “CZ” Zhao, later pardoned by President Donald Trump. Zhao has denied the claims, saying the transaction was a payment mechanism, not an investment in World Liberty Financial.

Even so, USD1’s growth highlights the Trump family’s widening crypto influence—and the billions flowing with it—as stablecoins, DeFi platforms, and tokenized finance continue to attract institutional adoption.