Donald Trump's official memecoin, $TRUMP , launched in January 2025 on the Solana blockchain. It quickly gained traction, reaching a market capitalization of $17 billion within eight hours of its debut . Currently, the coin is trading at approximately $0.205843 .
Today, May 22, Trump is hosting an exclusive dinner at his National Golf Club in Potomac Falls, Virginia, for the top 220 $TRUMP token holders. The event has raised concerns due to the significant number of foreign participants, with 19 of the top 25 holders based outside the U.S., including notable figures like Tron founder Justin Sun .
---
💵 USD1 Stablecoin Listed on Binance
Binance has listed USD1, a fiat-backed stablecoin developed by World Liberty Financial, a venture associated with the Trump family. Trading for the USD1/USDT pair commenced today, May 22, at 12:00 UTC. The listing has led to a 31.9% surge in USD1's trading volume, with its market capitalization reaching $2.1 billion within two months of launch .
Notably, USD1 is being utilized in a $2 billion investment from Abu Dhabi-based firm MGX into Binance, further intertwining Trump's crypto ventures with international financial activities .
---
⚖️ Ethical and Regulatory Concerns
The deep involvement of the Trump family in cryptocurrency has sparked bipartisan concerns over potential conflicts of interest. Critics argue that Trump's promotion of crypto-friendly policies, such as establishing a national digital asset reserve and pausing legal actions against crypto firms, may serve personal financial interests .
Furthermore, the use of USD1 in significant international investments, like the MGX-Binance deal, has prompted calls for investigations into possible ethical violations and foreign influence on U.S. policy .
