Donald Trump Jr. on Wednesday celebrated a major milestone for the Trump family’s crypto empire, praising the $1 dollar-pegged stablecoin after it surpassed a $5 billion market capitalization less than a year after its launch.
Trump Jr., co-founder of World Liberty Financial, posted a screenshot of 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 celebration as USD1 rose to become the fifth largest stablecoin globally, surpassing PayPal USD and Ripple USD.
The dollar’s rapid rise underscores how aggressively the Trump family has positioned itself to benefit from the crypto sector.
Trump Jr. has become a strong proponent and operator of cryptocurrencies, while World Liberty Financial has made the dollar the backbone of its decentralized financial platform, where users can lend and borrow digital assets.
The company has also applied for a US national banking license, signaling its ambitions to issue and custody dollar-backed digital currency at scale, another source of revenue for the Trump brand as it deepens its footprint in digital assets.
The rise of USD1 has not come without controversy. The stablecoin was used to close Abu Dhabi-based MGX’s $2 billion deal with Binance, drawing scrutiny from Senator Elizabeth Warren, who later alleged a possible quid pro quo involving the Trump family and Binance founder Changpeng “CZ” Zhao. forgiven by President Donald Trump. Zhao denied the claims and said the transaction was a payment mechanism, not an investment in World Liberty Financial.
Still, the dollar’s growth highlights the growing crypto influence of the Trump family, and the billions flows with it, as stablecoins, DeFi platforms, and tokenized finance continue to attract institutional adoption.
