Once a serious skeptic of cryptocurrencies, describing bitcoin in 2019 as “not money” and claiming “its value was based on thin air,” Trump’s crypto venture, indeed, serves as further evidence that his position has shifted to the opposite end of the spectrumOn Tuesday night, Trump and his sons announced that their crypto company, World Liberty Financial, is releasing a new stablecoin called USD1.
“No games. No gimmicks. Just real stability,” World Liberty shared in a post on its X account. Stablecoins are a hallmark of cryptocurrency designed to always hold a value of $1, making them versatile for various crypto transactions.
On Tuesday, the company revealed it will back the stablecoin with short-term U.S. Treasuries, dollar deposits, and other cash-equivalent assets.
From Skeptic to Advocate
During his first term in 2019, Trump emphasized the need for strong regulation and raised concerns about cryptocurrencies facilitating illegal activities; however, his stance couldn’t be more different while on the campaign trail that same year. Meanwhile, his aggressive moves in the crypto world coincide with his push for less regulation and greater adoption of crypto by the US government.
Back on March 6, 2025, he signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The Reserve’s announcement caused sharp drops in major cryptocurrencies and sparked mixed reactions across the crypto space.
This latest USD1 project marks the fourth digital currency that Donald Trump World Liberty has introduced in the past year. World Liberty already offers a cryptocurrency called WLFI. Earlier this month, they revealed that $550 million worth of WLFI coins had been sold. Of the total sales, a business entity connected to Trump collects a 75% share.
Just days before his inauguration, Trump also began promoting a so-called memecoin, a type of cryptocurrency typically tied to internet jokes or a celebrity figure.
Critics say that Trump Crypto ventures are at best a conflict of interest and at worst an avenue for personal enrichment. His policies and personal crypto ventures leave the long-term future of the digital asset space uncertain.
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