Trump Lunches Dollar Stablecoin On Chinese Linked Blockchain

World Liberty Financial (WLFI), a crypto venture connected to former U.S. President Donald Trump, has launched its USD1 stablecoin on the TRON blockchain, extending its reach across multiple blockchain ecosystems. USD1 is pegged 1:1 to the U.S. dollar and is designed to serve as a trusted medium for cross-border transactions and DeFi services.

TRON, the latest blockchain to support USD1, was founded by Chinese entrepreneur Justin Sun and is widely viewed as a China-linked infrastructure. Despite being headquartered in Singapore, its origins and leadership are deeply rooted in China’s tech space, which makes WLFI’s choice of network particularly notable given Trump’s prior criticism of Chinese influence in U.S. tech and finance.

WLFI’s stablecoin is fully backed by U.S. Treasury instruments, dollar deposits, and other cash equivalents, with BitGo overseeing reserve custody. The coin was previously deployed on Ethereum and Binance Smart Chain and is now gaining momentum with the support of TRON’s fast and cost-efficient network.

In addition to the launch, WLFI has partnered with Kernel DAO to enable staking of USD1, allowing holders to earn passive income while supporting the security of other decentralized applications. The coin’s utility has caught the attention of major investors like UAE-backed MGX, which intends to use USD1 in a $2 billion Binance deal.

While the launch boosts USD1’s market position—it now ranks as the world’s seventh-largest stablecoin—it also intensifies scrutiny over potential conflicts of interest, given the Trump family’s ties and the Chinese connections of the chosen blockchain.

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