Trump's World Liberty Financial Announces USD1 Stablecoin with Binance Backing
World Liberty Financial, a cryptocurrency venture co-founded by Trump’s associates, announced the launch of USD1, a stablecoin pegged 1-to-1 to the U.S. dollar. The launch involves a strategic partnership with Binance and a $75 million investment from Justin Sun, raising significant concerns about potential conflicts of interest and regulatory compliance.
Key Actors
Sources (22)
- Trump's Crypto Project to Offer Dollar-Tracking Stablecoin (2025-03-25)
- Day 2: Trump's World Liberty Financial Grift Part I (2025-03-25)
- Trump-Tied Stablecoin Used for MGX's $2 Billion Binance Deal (2025-05-01)
- Trump's crypto empire set to expand with new stablecoin and investment fund offerings (2025-03-25)
- Trump SEC pick discloses family fortune of more than $328 million (2025-03-25)
- SEC Chair Nominee Paul Atkins, Spouse Worth at Least 27 Million (2025-03-25)
- Incoming SEC chair Paul Atkins owns up to million in crypto-related assets (2025-03-25)
- Trump SEC Pick Paul Atkins' Crypto Ties Draw Sen. Warren's Ire Ahead of Confirmation Hearing (2025-03-26)
- US Senate confirms Paul Atkins to lead SEC under Trump (2025-04-09)
- Musk's super PAC jumps into Florida's special elections (2025-03-25)
- Elon Musk Gave $45 Million to His Super PAC, Making Him Among Top Donors (2025-07-31)
- Musk's super PAC pours last-minute money into special Florida elections (2025-03-26)
- Randy Fine wins special election for U.S. House CD-6 (2025-03-31)
- Is America a Kleptocracy?
- 100 Days of the Trump Administration's Foreign Policy: Global Chaos, American Weakness, and Human Suffering
- Attorney General Memorandum Redirects U.S. Anti-Corruption Efforts Raising Questions and Concerns
- Tesla is suing to open dealerships in Wisconsin, the state where Elon Musk is spending heavily to influence judicial elections (2025-03-27)
- The Wisconsin Supreme Court vote is getting national attention and millions from Musk (2025-03-31)
- Musk and Trump ratchet up involvement in Wisconsin Supreme Court race (2025-03-25)
- Doge cuts allow Musk to cash in with SpaceX and Starlink contracts, ex-workers warn (2025-03-25)
- Musk's Government Contract Expansion Raises Concerns of Systemic Conflicts (2025-03-25)
- Elon Musk's Starlink has a growing footprint in the federal government (2025-03-06)
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