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Eric Trump, son of President Trump, said, "I truly believe in Bitcoin." "I'm really excited to be part of this journey."
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World Liberty’s launch comes as the stablecoin market continues to grow. Online analytics platforms Artemis and Dune showed that the number of active stablecoin wallets increased by more than 50% from February 2024 to February 2025. The total market capitalization of stablecoins also surpassed $200 billion in January, with Tether USDT $1.00 and USDC $0.9998 remaining two of the most popular ones on the market.
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Sun and three of his companies faced allegations from the SEC of selling unregistered securities. Other executives at crypto companies who backed Trump and Republicans in the 2024 elections — some with financial contributions — including from Coinbase and Ripple, have since seen their SEC enforcement actions dropped under Uyeda.
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Days after Trump won the US presidential election, Tron Founder Justin Sun announced he would invest $30 million in World Liberty, likely leading to his position as an adviser to the firm. After Trump took office on Jan. 20 and Commissioner Mark Uyeda began leading the US Securities and Exchange Commission as acting chair, the regulator asked a federal court to pause its case against Sun “to explore a potential resolution.”
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Before the project’s first public token sale in October 2024, World Liberty faced scrutiny from US policymakers, accusing Trump of conflicts of interest while running for office.
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The launch of the stablecoin on the BNB Chain came amid reports that the Trump family held talks with Binance about acquiring a stake in the crypto exchange and separately granting a presidential pardon to Zhao. CZ has denied reports of a deal between Binance.US and Trump and a pardon.
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Since the launch of the platform in September 2024, many aspects of World Liberty’s intentions have been shrouded in secrecy. The project’s website notes that the US President and some of his family members control 60% of the company’s equity interests. As of March 14, World Liberty has completed two public token sales, netting the company a combined $550 million.
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Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said he expected the GENIUS bill on Trump’s desk by June.
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The USD1 stablecoin launch comes as US lawmakers consider passing the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act. The bill moved out of the Senate Banking Committee on March 13 and is expected to be taken up for a full floor vote soon.
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According to data from Etherscan and BscScan, the project launched the World Liberty Financial USD (USD1) token in early March. Former Binance CEO Changpeng “CZ” Zhao noted the project’s smart contract was deployed on the BNB Chain and Ethereum, while World Liberty said the stablecoin was “not currently tradeable.”
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The Donald Trump-backed crypto venture World Liberty Financial launched a US dollar-pegged stablecoin with a total supply of more than $3.5 million.
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World Liberty Financial, backed by US President Donald Trump, said the USD1 stablecoin launched on March 4 was “not currently tradeable.“
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Trump’s crypto project launches stablecoin on BNB Chain, Ethereum
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US President Donald Trump had promised during his campaign to ease regulatory enforcement on the digital asset industry, vowing to make the country the “world capital” for crypto.
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In a public statement on its website, Upbit admitted that the latest sanctions by the FIU prohibit new customers from transferring crypto assets in accordance with findings from on-site inspections conducted by the authority in 2024.
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Upbit addressed the FIU’s restrictions on its website, apologizing to its customers for any inconvenience.
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The United States Securities and Exchange Commission closed its investigation into Robinhood Crypto less than a year after issuing the online brokerage a Wells notice
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Just look at X (formerly Twitter). It was acquired, changed its name to X, enforced massive algorithm changes — which pleased some and alienated others — and some people who had spent years building audiences walked away frustrated. The users never had control. They were exposed to the harsh reality that algorithms can change, accounts can be banned, and platforms can go bust or be acquired overnight. Your follower count suddenly became meaningless. These are (still) Web2’s inherent risks.
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Prosecutors outlined several other violent acts linked to the scheme.
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The attempt failed when the victim fired a warning shot, after which Iza reportedly sent the victim a video of the botched robbery.
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