Trump-Backed Stablecoin USD1 Surpasses $4.6 Billion Market Cap

The Trump family's bet on USD1 has paid off in a big way, with its market capitalization soaring to $4.6 billion in just over a year.

This dark horse stablecoin, issued by World Liberty Financial (WLFI), has broken out of the traditional framework thanks to its unique background and insider connections.

The Trump family's involvement gives USD1 an inherent political aura, positioning it during a period of policy dividends for the US crypto industry.

USD1's business model is designed to generate stable interest income through BitGo custody and annualized US Treasury yields.

The project plans to launch World Swap, a foreign exchange and cross-border remittance platform, using USD1 as the settlement medium.