Trump introduces the USD1 stablecoin on Ethereum and the BNB Chain.
World Liberty Financial, a cryptocurrency initiative backed by US President Donald Trump, has introduced the USD1 stablecoin on Ethereum and BNB Chain. The current supply of USD 1 is more than 3.5 million dollars.
However, the cryptocurrency is not currently marketable, as the firm has explicitly declared. The World Liberty Financial USD (USD1) stablecoin was made available in early March 2025.
The project’s smart contract has been implemented on Ethereum and BNB Chain, based on the information supplied by Etherscan and BscScan.
World Liberty stressed that the coin is not yet ready for trading, but Changpeng “CZ” Zhao, the former CEO of Binance, confirmed the news.
Stablecoin USD1: the GENIUS Act’s ratification and the regulatory environment
The USD1’s launch coincides with a pivotal point in the US cryptocurrency market. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is a bill that Congress is debating passing. On March 13, the Senate Banking Committee passed legislation that would restrict the usage of stablecoins in the United States. It may soon be discussed and put to a full vote.
The proposal may be ready for Trump to sign by June 2025, according to Bo Hines, executive director of the President’s Council of Advisers on Digital Assets. The regulation’s conclusion may have a direct impact on the USD1’s and other stablecoins’ futures in the USA.
The Trump family’s hold on World Liberty is the shadow of the secret.
Many aspects of World Liberty Financial’s operations have been kept under wraps since its founding in September 2024.
The project’s official website claims that 60% of the company’s shares are owned by President Donald Trump and a few family members.
World Liberty has raised a total of 550 million dollars through two public token sales to date.
Some critics have speculated about potential conflicts of interest, and the Trump family’s direct engagement has sparked political and regulatory worries.
Some American politicians have already criticised and investigated the corporation before its initial public offering in October 2024.
The purported discussions with Binance and CZ’s denial
Rumours that the Trump family has been in talks with Binance to purchase a share in the cryptocurrency exchange coincide with the news of the stablecoin USD1’s introduction. According to some sources, Changpeng “CZ” Zhao, the former CEO of Binance, who was involved in legal disputes with U.S. authorities, may have been pardoned by the president as part of the negotiations.
However, CZ has denied the existence of any presidential pardon or any arrangement between Binance.US and Trump. Nevertheless, there are still rumours circulating regarding possible connections between the crypto industry and the new American government.
Justin Sun’s involvement and the political impact of the cryptocurrency industry
Justin Sun, the founder of Tron, is another well-known person associated with the World Liberty Financial initiative. Sun announced a $30 million investment in the company following Trump’s election victory, and he later secured a position as an advisor to the corporation. When the Securities and Exchange Commission (SEC) chose to halt a lawsuit against Sun and three of his businesses, it became clear how politics affects cryptocurrencies. The decision was made just a few days after Mark Uyeda was named the SEC’s acting chairman and Trump was sworn in on January 20, 2025.
The SEC’s softening of its legal actions has also helped other crypto CEOs who backed Trump and the Republican Party during the 2024 election campaign.
The growth of the stablecoin market
The stablecoin market is experiencing significant growth during the time of the USD1 stablecoin launch. Between February 2024 and February 2025, there were more than 50% more active wallets with stablecoins, according to statistics gathered by Artemis and Dune.
Stablecoins’ combined market capitalization surpassed $200 billion in January 2025, with Tether (USDT) and USDC being two of the most popular dollar-pegged cryptocurrencies. Stablecoins are becoming more and more important in the world’s financial systems, as seen by the rising demand for them.
Conclusion
The relationship between politicians and cryptocurrencies in the US has taken a new turn with the introduction of the stablecoin USD1 by World Liberty Financial. The project raises concerns over possible conflicts of interest and regulatory effects because the Trump family is actively involved in the business.
The future of the USD1 project and stablecoins in the US is still up in the air as the GENIUS Act moves through Congress and the cryptocurrency industry becomes more politically significant. The outcome of this new project associated with President Trump will depend on regulations, governmental actions, and market developments.
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