World Liberty Financial (WLF), an organization linked to the Trump family, officially launched USD1, a new stablecoin that is born with the direct support of the TRON blockchain, led by Justin Sun. The first issuance of the digital asset took place on the morning of June 11 and was announced by Sun on his official profile on the X network.
The launch represents a milestone for the stablecoin ecosystem and for the integration of political projects with the world of decentralized finance (DeFi).
Inspired by the ideals of President Donald Trump, WLF acts as a developer of DeFi protocols and digital governance solutions. Eric Trump, son of the former president, announced the USD1 project during the Token2049 conference in Dubai. At the event, he revealed that MGX would use USD1 to settle a $2 billion investment in Binance.
With total backing in short-term U.S. Treasury securities, in addition to dollar deposits and cash equivalents, USD1 aims to offer the security required by institutional investors. The goal, according to TRON DAO's announcement, is to create a transparent, reliable, and fully auditable stablecoin.
This should favor the growth of TRON's use in scalable financial solutions and open new doors for integrations with major industry players.
Trump's Stablecoin
According to Justin Sun, the partnership with WLF represents "a giant leap for stablecoins" and reaffirms TRON's role as a protagonist in the expansion of Web3.
"We are challenging the way the world thinks about money and freedom. The support from the Trump administration shows that the environment for innovation is changing," said the founder of TRON.
Furthermore, the movement also reinforces WLF's strategy to position USD1 as a secure digital currency for institutional settlements. The choice of TRON as the issuance infrastructure indicates confidence in the technical robustness of the network, which already handles billions of transactions with low latency and minimal costs.
The integration of USD1 in TRON could accelerate the institutional adoption of DeFi solutions. Thus, creating yet another bridge between the American political world and the blockchain universe.