Trump Family's Deeper Involvement in Crypto

World Liberty Financial, a venture associated with the Trump family, has announced the launch of a new stablecoin named USD1. This digital currency is backed by short-term U.S. Treasurys, U.S. dollar deposits, and other cash equivalents. It will be issued on both the Ethereum network and Binance's blockchain, aiming to provide a stable digital dollar with a 1:1 exchange ratio to the U.S. dollar. This initiative aligns with President Trump's ambition to position the U.S. as a central hub for digital assets.

In a related development, Trump Media & Technology Group Corp. is collaborating with Crypto.com to introduce "Made in America" exchange-traded funds (ETFs) focusing on digital assets and securities. This move further supports Trump's pro-cryptocurrency stance, with the ETFs expected to launch later this year.