2025/04/24 Trump USD1
Trump's launch of the Prump coin was seen as a political meme hype, but now his introduction of USD1 shows more ambitious plans.
USD1 is a blockchain dollar pegged to the US dollar, targeting Swift and aiming for central bank-level clearing. It is backed by US Treasury bonds and cash collateral, and is hosted by BitGo. On the surface, it appears clean, compliant, and stable; however, its true aim is not retail investors or exchanges, but rather the dominance over central banks, sovereign funds, and the entire multinational clearing system.
USD1 is controlled by the WLFI company under the Trump family, attempting to bypass Swift and the Federal Reserve to create a whole new on-chain dollar order. If a country like Saudi Arabia wants to convert its oil revenue dollars into assets, it can bypass traditional clearing systems and settle directly on-chain, while control remains with WLFI.
Trump's ambitions have gained more support. In March 2025, he hosted the first cryptocurrency summit at the White House in US history, announcing the establishment of a Bitcoin strategic reserve and promoting regulatory legislation for the crypto industry, showcasing America's ambition to lead the settlement rules of the next digital financial cycle. The launch of USD1 coincides with this.
The advantage of USD1 lies in its clear compliance route, backed by US Treasury bonds and cash collateral, and the Trump family's strong political resources. If it can penetrate national-level institutions or even the central bank clearing system, it may become a prototype of an on-chain version of Swift, gradually establishing a stablecoin clearing network. However, risks cannot be ignored; WLFI's fund flows are opaque, the family's profit-sharing mechanism is undisclosed, and it is highly tied to political figures, posing policy risks. If it loses credibility or is seen as a political family.
#Market analysis for reference only #Does not constitute investment advice
