World Liberty Financial CEO Zach Witkoff said Tuesday that USD1, the stablecoin run by the Trump family-linked crypto project, now has more than $4 billion in circulation, with 24-hour trading volume at one point reaching $1.7 billion. He argued that real demand for the token undercuts criticism that it is being used to channel benefits to Donald Trump and his family. Witkoff also said he has "never, and will never" discuss company business with Trump, adding that his focus is on delivering products and services to users. WLF, founded in 2024 by Trump, his sons and related associates, operates USD1 and has received conditional approval for a U.S. national trust bank charter. The project still faces conflict-of-interest scrutiny, including reports that a UAE-linked entity bought a 49% stake in WLF and that the Trump family received hundreds of millions of dollars in 2025 from WLF token and related equity transactions. Witkoff said stablecoins are becoming the internet’s "native cash layer" and that USD1 will keep expanding its use cases.
World Liberty Financial CEO Zach Witkoff said Tuesday that USD1, the stablecoin tied to the Trump family-linked crypto project, has exceeded $4 billion in circulating supply. Over the past 24 hours, its trading volume at one point reached $1.7 billion.
Witkoff said that level of real usage demand is enough to answer criticism that the token is being used to funnel benefits to Donald Trump and his family. He added that he has "never, and will never" discuss company business with Trump, and said his main focus is providing products and services to users.
WLF was founded in 2024 by Trump, his sons and related associates. The project currently operates USD1 and has received conditional approval for a U.S. national trust bank charter.
At the same time, WLF continues to face conflict-of-interest questions. A UAE-linked entity reportedly acquired a 49% stake in WLF, and the Trump family in 2025 also received hundreds of millions of dollars from WLF token sales and related equity transactions.
On USD1’s longer-term role, Witkoff said stablecoins are becoming the internet’s "native cash layer," and that USD1 will continue expanding its applications.
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