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Trump-backed stablecoin hits $5B as first family cashes in – TON BOT

Trump-backed stablecoin hits $5B as first family cashes in

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Donald Trump Jr. celebrated the Trump family’s USD1 stablecoin reaching a $5 billion market capitalization in less than a year. Co-founded by Trump Jr. and Eric Trump, USD1 has become the fifth-largest stablecoin globally. The Trump family’s World Liberty Financial aims to profit from the crypto sector, with plans for a U.S. national banking license to issue and custody dollar-backed digital currency. The rise of USD1 has faced controversy but highlights the Trump family’s growing influence in the crypto space.

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