The proposal was finalized through a Snapshot vote and received overwhelming support from the community. Out of roughly 1,800 votes cast, about 99.12% backed the change. However, the distribution of voting power drew attention, as more than 76% of the tokens used in the vote came from just ten participants.

180-Day Lock-Up Required for Voting Rights

According to the approved governance change, WLFI holders must stake their tokens for a minimum of 180 days in order to maintain their ability to vote on protocol-related matters. The project’s team stated that the purpose of this mechanism is to ensure that governance decisions are influenced primarily by participants who have a long-term commitment to the platform.

To encourage participation, the system also introduces an incentive structure. Users who lock their tokens and take part in at least two governance votes during the lock-up period will be eligible to earn an annual yield of 2% on their staked WLFI. Token holders who already had their tokens locked prior to the rule change will not be affected and can continue participating in governance as before.

Addressing Low Participation in DAO Governance

Low voter turnout has long been a challenge for decentralized autonomous organizations (DAOs). Estimates suggest that participation rates in many DAO governance votes often range between 15% and 25%, raising concerns about the effectiveness of decentralized decision-making.

Various proposals have been discussed within the industry to address this issue. Ethereum co-founder Vitalik Buterin has suggested that AI-powered personal assistants could help users participate in governance more efficiently. Meanwhile, Aave founder Stani Kulechov has previously proposed that leadership teams may need to play a larger role in decision-making processes in some cases.

WLFI’s lock-up requirement represents another attempt to improve engagement and ensure that active participants play a greater role in governance outcomes.

Special Access for Large Token Stakers

Another element of the proposal introduces potential benefits for large-scale token holders. Users who stake at least 50 million WLFI tokens—estimated to be worth around $5 million—may gain direct access to the WLFI team for potential collaboration opportunities.

Project representatives clarified that this access primarily applies to the business development team and senior executives rather than specific founders. They also emphasized that such access does not guarantee any form of partnership.

Long-Term Vision for WLFI

World Liberty Financial aims to build a broader crypto-powered financial ecosystem centered around its stablecoin, USD1. The project plans to support additional DeFi applications while also integrating with other stablecoin initiatives that seek to reinforce the global role of the US dollar.

To support this vision, WLFI has applied for a national trust bank charter in the United States, which would allow the project to expand the usage of USD1 within a regulated financial framework. The team has also explored potential tokenization initiatives involving assets such as real estate and oil and gas.

Since its launch, the WLFI governance system has conducted six Snapshot votes. Previous proposals included initiatives aimed at supporting the growth of the USD1 stablecoin and making the WLFI governance token tradable within the ecosystem.

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WLFI, in which U.S. President Donald Trump’s family reportedly holds approximately a 38% stake, announced new partnerships at the event and detailed its stablecoin-centered growth vision. With around 300 invited guests in attendance, the organization demonstrated that digital assets are no longer solely the domain of technology startups but have become a core component of the global financial architecture.

Many prominent figures, diplomats, billionaire investors, and celebrity CEOs, including Eric Trump, Donald Trump Jr., Changpeng Zhao (CZ), Nicki Minaj, Gianni Infantino, and Plume Network CEO Chris Yin, were all under one roof. We even had the opportunity to meet Plume CEO Chris Yin and ask her a question about the project that we were curious about.

The event was held at full capacity and took place in a positive atmosphere. Participants celebrated the evening with fireworks and high-energy sessions. Nicki Minaj’s speech went viral on social media, with fans sharing photos and videos from the event.

USD1 and Apex Group Partnership

The most significant announcement of the forum was WLFI’s strategic partnership with Apex Group for its dollar-backed stablecoin, USD1. Peter Hughes, CEO of Apex, which services $3.5 trillion in assets, emphasized that stablecoins can be actively utilized on institutional balance sheets. He underlined that the proof-of-reserve mechanism is particularly critical in terms of institutional trust.

WLFI executives described USD1 as “a faster dollar for the digital age.” The stablecoin is reportedly backed by U.S. Treasury securities and cash reserves, with its revenue model based on the interest income generated from those assets.

Trump-Branded Hotel Project to Be Tokenized

WLFI Forum: Wall Street and the Regulatory Front Also Participated!

TradFi and DeFi Bridge

The integration between traditional financial institutions and decentralized finance was widely discussed. Participants argued that crypto would replace legacy systems with transparent and open infrastructures. To prevent exclusion from banking systems due to political decisions, WLFI highlighted solutions such as governance frameworks, stablecoins, lending mechanisms, and AI-based payment systems.

Senior representatives from both the financial sector and public authorities took the stage at the forum:

Adena Friedman – CEO of Nasdaq

She stated that blockchain technology could transform market infrastructure and drew attention to the digitalization of capital markets.

Lynn Martin – President of the New York Stock Exchange

She emphasized that reliable trading infrastructure is critical for digital asset markets.

Brian Armstrong – CEO of Coinbase

He stated that a digital dollar could play a central role in global payment and settlement systems.

David Solomon – CEO of Goldman Sachs

He pointed to increasing institutional demand for digital assets and noted that major financial institutions cannot afford to ignore the space.

Jenny Johnson – CEO of Franklin Templeton

She stated that stablecoins could become part of the global financial infrastructure.

Changpeng Zhao (CZ) – Founder of Binance

CZ, the founder of the world’s largest crypto exchange, was also present at the event. The fact that a significant portion of USD1’s supply is reportedly held by Binance highlights the strategic relationship between WLFI and Binance.

Michael Selig – CFTC Commissioner

He described the crypto market as being at a “turning point” from a regulatory perspective and emphasized the need for a clear federal framework.

Senators Bernie Moreno and Ashley Moody

They argued that dollar-backed stablecoins could strengthen the global dominance of the U.S. dollar.

Featured Sessions at the WLFI Forum

The forum agenda included the following key topics:

• “Strengthening the Dollar in the Digital World”
• “Market Structure for the Digital Age”
• “The Stablecoin Moment: From Financial Primitive to Global Infrastructure”
• “Architects of the Digital Dollar Era”
• “Rebuilding Financial Infrastructure: New Rails for Payments and Capital”

Additionally, Eric Trump and Donald Trump Jr. made statements arguing that decentralized finance can serve as an alternative to traditional banking.

WLFI: Political and Strategic Dimension

Calls to pass the CLARITY Act through Congress were reiterated during the event. While the Republican side argued for swift regulatory clarity, Democratic representatives called for greater transparency regarding the company’s relationships with foreign investors.

Overall, the broader picture suggests that the digital dollar vision is being positioned not only as a technological development but also as a geopolitical strategy. With its stablecoin-focused growth strategy, WLFI has positioned itself at the center of both financial and political agendas.

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A High-Level Gathering of Global Decision-Makers

WLFI states that the forum is designed to bring together influential figures from capital markets, technology, and public policy. Approximately 300 invited guests are expected to attend, including executives from Fortune 500 companies, global investors, senior policymakers, and leading technology innovators.

In addition to financial institutions managing trillions of dollars in assets, the guest list is set to include representatives from major sports and entertainment organizations, global media platforms, and critical financial infrastructure providers. Senior leaders from banking and asset management are also expected to take the stage as speakers, reinforcing the forum’s institutional scope.

Donald Trump Jr.: A Turning Point for the Global Economy

Donald Trump Jr., one of the co-founders of World Liberty Financial, emphasized the strategic timing of the event. He noted that the forum is being held at a moment when the global economic order is undergoing significant transformation. In his view, the World Liberty Forum aims to help define what the next century of American innovation, leadership, and economic influence could look like—particularly as the United States approaches its 250th anniversary.

This positioning underscores that the event is intended to go beyond crypto-specific discussions, instead addressing broader questions around the evolution of financial systems and global economic governance.

World Liberty Markets Signals WLFI’s Broader Ambitions

The forum announcement follows the recent launch of World Liberty Markets, WLFI’s crypto lending and borrowing platform. The platform allows users to lend and borrow assets such as USD1, WLFI, Ether, tokenized Bitcoin, USDT, and USDC, with plans to support additional digital assets over time.

WLFI has also indicated that real-world assets (RWAs) will be incorporated into the platform. Management has pointed to upcoming strategic partnerships across areas such as real estate, prediction markets, and exchanges, suggesting a broader onchain financial ecosystem is taking shape.

Stablecoin Banking and Consumer Products on the Horizon

Beyond DeFi infrastructure, World Liberty Financial has reportedly initiated regulatory steps to establish World Liberty Trust, a proposed federal trust bank focused on stablecoins. If approved, the entity would offer digital custody services and enable direct swaps from stablecoins like USDT and USDC into USD1.

The company has also signaled plans for a mobile application and a debit card that would allow users to spend USD1 while earning loyalty rewards. Together, these initiatives frame the World Liberty Forum as a potential launchpad for a much larger strategic vision.

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United Stables (U) positions itself as a next-generation stablecoin pegged 1:1 to the US dollar (USD-pegged). Launched on December 18, 2025, the U token aims to create a broad range of use cases in both centralized and decentralized finance worlds.

How Did United Stables (U) Come About?

United Stables (U) is issued by United Stables Limited, based in the British Virgin Islands (BVI). The project was launched with a multi-chain structure designed to operate on Ethereum and BNB Smart Chain networks.

The core motivation behind U is to address three main problems in the stablecoin market:

• Fragmentation of liquidity across different chains and platforms
• Insufficiently reassuring reserve transparency
• Limited real-world usage of stablecoins

United Stables offers a financial infrastructure vision that aims to consolidate these issues under a single “unified value layer.”

How Is $U Stablecoin Backed?

United Stables (U) is designed as a fully reserve-backed stablecoin. Every U token in circulation is backed 1:1 by liquid assets.

The reserve structure consists of the following elements:

• Cash US dollars (USD)
• Highly liquid and established stablecoins (USDC, USDT, USD1)

These assets are held in segregated custody accounts. This way, the reserves are legally separated from the company’s operational assets.

Additionally, a multi-layered structure is adopted for reserve security:

• Fiat assets are held with accredited banks
• Digital assets are protected by licensed and authorized custody institutions
• Reserves are regularly audited through independent monthly attestation reports

This structure aims to provide both transparency and investor protection against potential insolvency risks.

How Are $U Tokens Minted and Burned?

In the United Stables ecosystem, token minting and redemption processes are conducted within a corporate-focused framework.

• Institutions can mint U tokens after completing the KYB (Know Your Business) process
• Minting is performed by depositing fiat currency or approved stablecoins
• During redemption, users can exchange U tokens for the underlying reserve assets

This mechanism ensures the balance of supply and demand and the sustainability of the dollar peg.

What Does United Stables (U) Aim For?

United Stables’ core vision can be summarized as consolidating fragmented liquidity under a single fluid structure.

The project’s long-term goals include:

• Collecting stablecoin liquidity across different chains into one common currency
• Providing seamless value transfer between centralized exchanges, DeFi protocols, and payment systems
• Creating a low-friction financial infrastructure for both individual users and institutional actors
• Offering a programmable currency that autonomous artificial intelligence (AI) systems can use

This approach positions U not just as a stablecoin but as a common payment layer for digital finance.

Use Cases of United Stables (U)

1. Trading and Liquidity Management $U aims to become a base trading pair on centralized and decentralized exchanges. The goal is to consolidate liquidity fragmented across different stablecoins into one asset, thereby providing:

• Deeper order books
• Lower spread ratios
• More efficient price discovery

2. DeFi and Wealth Management United Stables can be used as a transparent and auditable collateral asset in DeFi protocols.

• Lending and borrowing protocols
• Staking and yield strategies
• Financial products related to real-world assets (RWA)

The U token plays a trust-enhancing role in DeFi thanks to near-real-time reserve verifications.

3. Institutional and OTC Transactions For large-scale investors and institutions, U offers an auditable and regulation-friendly settlement tool in areas such as:

• Block trades
• Portfolio rebalancing
• Corporate treasury management

4. Payments and International Transfers $U aims to accelerate cross-border money transfers:

• Transfers completed in minutes
• Significantly lower transaction costs compared to traditional systems
• Alternative payment infrastructure for unbanked or underbanked users

This positions U as a global digital payment rail.

5. Artificial Intelligence (AI) and Autonomous Systems One of United Stables’ notable differentiators is its AI-focused use cases. $U is designed as a programmable unit of value for scenarios such as:

• Micro-payments
• Smart contract-based automations
• Machine-to-machine (M2M) trading

Transparency and Audit Structure

United Stables adopts the view that transparency is the fundamental element in building trust in the stablecoin market.

In this context:

• Total supply and reserves are regularly reported
• Circulating token amount and held reserve assets are 1:1 matched
• Smart contracts have undergone independent audits

As of January 2026, the circulating amount of $U matches the reserve assets held, documented by verification reports.

United Stables (U) Team

United Stables presents a structure shaped around a professional core team rather than centralized management.

The United Stables team consists of experienced individuals in finance, blockchain, and product development. The project is managed with a vision that adopts corporate standards while aiming to create a globally accessible stablecoin.

• Athena Yu – CEO (Chief Executive Officer)
• CharlesX – Team Member

Official Links

• Website
• X (Twitter)

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WLFI Buyback Strategy: Reducing Supply and Supporting Price

In September 2025, WLFI allocated all protocol fees for token buybacks and burning. This mechanism aims to reduce circulating supply and support token value. The project integrates USD1 stablecoin across Ethereum, BNB Chain, and Solana, providing compliant DeFi services in the U.S.

Moreover, purchases via CoW Swap occur transparently and decentralized. Analysis shows TWAP orders from the strategic reserve wallet are spread over time to minimize price impact, thereby protecting investors from excessive slippage.

Transactions on CoW Swap

According to CoW Explorer, the latest transaction involved 586.05K WLFI tokens for 132,088 USD1. The order is partially filled and open as of November 26, 2025.

Furthermore, international reports show that a total of 59 million WLFI tokens were repurchased for 10 million USD1. Meanwhile, in the past five hours, 46.56 million WLFI tokens were bought for 7.79 million USD1. Notably, the buyback follows a rhythm of ~132K USD1 every 5 minutes and 5 seconds, aligning with the TWAP order schedule.

What the WLFI Buyback Means

The buyback wave pushed WLFI to 0.1699 USD, a 6–10% increase. Daily trading volume reached 281 million USD, ranking the project #25 on CoinMarketCap. Circulating supply decreased by 0.2% with 47 million WLFI burned.

Whales also participated; one whale acquired 165.79 million WLFI for 25 million USD1. Analysts and the community see this move as a trust signal. If momentum continues, WLFI could break the 0.18 USD resistance, potentially rising 15% in the short term.

Key Goals:

• Reduce circulating supply through token burn and buyback

• Support token value and increase price

• Provide U.S.-compliant DeFi services for investor confidence

Token Burning and Liquidity Impact: Price Rises as Supply Falls

World Liberty Financial stands out as a U.S.-compliant DeFi player with Trump backing. USD1 stablecoin integrations (Aptos and Tron) may increase liquidity. However, the token experienced a 34% drop post-launch, highlighting volatility.

• Short-term target: 0.18 USD
• Long-term target: 0.20 USD+ by end of 2026, if USD1 adoption rises.
• Investors are advised to follow on-chain analysis tools for strategic decision-making.

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USD1 Points Program Arrives in DeFi

With the introduction of the USD1 Points Program, users can now earn reward points by participating in eligible DeFi activities. For example, participants who supply or stake USD1 on Dolomite will be able to collect loyalty points. These points are designed to incentivize engagement and reward users who contribute to ecosystem growth.

WLFI noted that the point accumulation mechanics will vary depending on each partner platform, and detailed guidelines will be gradually released and updated. As new collaborations are formed, users will have multiple ways to earn USD1 Points through different DeFi protocols, enhancing both participation and interoperability within the ecosystem.

The program is designed to promote permissionless integration of USD1 across various decentralized applications, enabling smoother interaction between protocols and supporting innovative use cases built around the stablecoin.

The Role of USD1 in the DeFi Landscape

The USD1 stablecoin is fully backed 1:1 by reserve assets held by BitGo, consisting primarily of U.S. government money market funds and other cash equivalents. This structure ensures high levels of transparency, security, and institutional-grade reliability—key components for stablecoin adoption in decentralized finance.

According to WLFI, the DeFi Points initiative not only provides incentives for users but also gives developers the flexibility to integrate USD1 into their platforms seamlessly. By encouraging collaboration among DeFi protocols, USD1 aims to become a reliable bridge for value transfer within the broader ecosystem.

Each rewards program is managed independently by WLFI’s DeFi partners under specific terms and conditions, which may be updated or discontinued over time. Users are encouraged to review program details carefully before participating.

About World Liberty Financial (WLFI)

Founded in 2024, World Liberty Financial is a U.S.-based decentralized finance platform that has drawn global attention as part of the Donald Trump family’s entry into digital finance. WLFI’s mission is to strengthen the international role of the U.S. dollar while making DeFi solutions more accessible to everyday users.

Unlike traditional financial institutions, WLFI operates through community-driven governance, allowing users to maintain full control over their digital assets. By bringing the USD1 loyalty program to the DeFi sector, WLFI continues to push forward its vision of financial freedom and broader adoption of decentralized solutions.

What Is Dolomite (DOLO)?

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USD1 and Enso Partnership Officially Announced

In a breaking development that has made waves across the crypto world, the Trump-backed USD1 stablecoin has completed its technical integration with Enso (ENSO). Enso is known for its “chain shortcut” technology, which simplifies project deployment across multiple blockchains.

Through this partnership, USD1 will gain access to multi-chain liquidity pools, enabling higher liquidity, faster transaction flows, and institutional-grade price optimization.

Trump-Backed USD1 Stablecoin Continues to Expand

USD1, launched in March by World Liberty Financial, a company supported by the Trump family, has begun to gain significant traction in the rapidly growing digital dollar market as of 2025.

This new move by USD1 is seen as part of the broader expansion of the American stablecoin ecosystem on a global scale. Analysts note that the Enso integration could enhance USD1’s multi-chain liquidity and promote its wider adoption across decentralized finance (DeFi) platforms.

Enso (ENSO): The Powerhouse of Multi-Chain Infrastructure

Enso is known for its multi-chain infrastructure solutions that connect different blockchains. The platform has integrated with over 250 protocols and processed more than $17 billion in on-chain transaction volume to date.

Following the USD1 integration, the Enso team stated on their official X (Twitter) account that this partnership would “accelerate the institutional transition within the DeFi sector.” The team also described the integration of USD1 into Enso’s multi-chain network as a “strategic step toward the mainstream adoption of stablecoins.” The move is expected to boost stablecoin-based transactions on the Enso network and strengthen cross-chain liquidity flows.

What Will Be Its Market Impact?

The partnership between the Trump-backed stablecoin and a Binance-listed altcoin is being viewed as a strong signal for market sentiment. According to experts, this move could deepen the interaction between U.S. political circles and the crypto sector, while also bringing a new level of institutional confidence to the DeFi industry. In the short term, analysts expect a rise in USD1’s trading volume and a positive momentum in Enso (ENSO) token prices.

The collaboration between USD1 and Enso (ENSO) holds great importance for the DeFi ecosystem, particularly in terms of liquidity, multi-chain accessibility, and institutional adoption. This integration not only intensifies competition within the stablecoin market but also has the potential to usher in a new institutional era for DeFi protocols.

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According to Wu Blockchain, the Trump family’s digital asset portfolio has expanded through diverse revenue streams over the past year, with the WLFI token and USD1 stablecoin standing out as the key profit drivers.

WLFI Token and USD1 Stablecoin Break Records

The most significant contribution to the family’s growing wealth came from the World Liberty Financial (WLFI) ecosystem. Despite WLFI’s price dropping by 57% since its public launch in September 2025, the project has still generated an estimated $550 million in net profits for the Trump family.

Meanwhile, the USD1 stablecoin introduced as a politically branded digital dollar alternative—has reached $2.7 billion in trading volume within just a few months of launch. This success underscores the growing interest in politically affiliated digital assets and demonstrates how the Trump brand has become a powerful catalyst for crypto adoption.

Trump’s Crypto Strategy: From Politics to DeFi

Donald Trump’s involvement in crypto has accelerated rapidly since late 2023. Once skeptical of blockchain technology, Trump has now made a powerful entrance into decentralized finance (DeFi) through his platform World Liberty Financial (WLF).

Trump, along with his sons Donald Trump Jr. and Eric Trump, reportedly owns about 60% of WLF. The platform generates massive revenue through WLFI token sales, staking yields, and lending services. The token’s launch alone added an estimated $1.3 billion to the family’s net worth within just a few weeks. By combining his traditional business network with blockchain-based finance, Trump has positioned WLF as one of the most influential projects at the intersection of crypto and global finance.

Trump Media and Bitcoin Ventures Turn Profitable

Trump’s other company, Trump Media & Technology Group (TMTG), has also returned to profitability thanks to its growing crypto exposure. Once struggling financially, TMTG rebounded after investing in digital tokens and Bitcoin, now reporting revenues exceeding $3 billion.

Meanwhile, the American Bitcoin Corp. (ABTC)  a mining company backed by the Trump family — has added significantly to their wealth. Listed on Nasdaq in May, ABTC’s shares have surged over 110%, bringing hundreds of millions of dollars in unrealized gains to family trusts.

The Trump Family Becomes a Power Player in Crypto

The Trump family’s crypto investments have now become a core pillar of their portfolio. Spanning everything from meme coins and stablecoins to DeFi platforms and Bitcoin mining, their holdings place them alongside major industry figures like Michael Saylor and the Winklevoss twins.

Crypto analysts view the family’s strategic expansion as the beginning of a new era, where political branding merges with digital finance. The success of WLFI, USD1, and other ventures demonstrates how political influence can amplify blockchain adoption and reshape global investor sentiment. Experts believe the Trumps’ success story could inspire more political figures to explore blockchain projects  blending power, finance, and technology in unprecedented ways..

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Aptos CEO Avery Ching stated that they have been in discussions with WLFI for some time and view the company as “one of the best technology partners we could work with.” Ching also noted that WLFI is working on retail, banking, and other future-facing products, with the first step being the launch of a stablecoin whose yield is directly returned to the user.

Stablecoin Launch and Ecosystem Support

The new USD1 stablecoin will go live on the Aptos Network on October 6, 2025. The launch will be supported by leading DeFi protocols within the Aptos ecosystem, including Echelon, Hyperion, Thala, and Tapp. Additionally, wallet and exchange platforms such as Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet will support the stablecoin launch.

Avery Ching highlighted the platform’s cost-efficiency and transaction speed as key reasons for choosing Aptos:

• Transaction costs are less than 1%,
• Transaction times are under 0.5 seconds,
• The network is significantly faster and cheaper than many other blockchains in the current market.

Aptos’ Market Position

According to RWA.xyz, Aptos currently holds only about 0.35% of the stablecoin market. CEO Avery Ching noted that Aptos already supports stablecoins such as Tether (USDT), USDC (USDC), Ethena USD (USDE), and PayPal USD (PYUSD), with a monthly transaction volume exceeding $60 billion.

For comparison, the Ethereum ecosystem holds 59% of the total stablecoin market, and when including Layer-2 and EVM-compatible networks, this share rises to 69%.

Upcoming Products and Developments

Ching also highlighted upcoming projects on the platform:

• Decibel: A high-performance decentralized exchange optimized for stablecoins, perpetual contracts, and spot trading. The testnet is scheduled to launch in October, with the mainnet expected before the end of the year.
• Shelby: A “hot decentralized storage” system designed for real-time social media applications and educational data. Developed in partnership with Jump Crypto, the product is expected to launch in 2026.

Aptos’ Leadership and Backers

Before joining Aptos, Avery Ching served as the head of Meta’s Diem crypto project. Aptos is supported by leading venture capital firms, including FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures.

This partnership and the new stablecoin launch are part of Aptos’ strategy to expand its ecosystem, grow its user base, and strengthen its competitive position in the global DeFi market.

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Tough Questions for the OCC: Can Trump Influence Stablecoin Legislation?

On Thursday, Senator Warren, alongside Senators Chris Van Hollen and Ron Wyden, sent a formal letter to Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC). In their message, the senators expressed concern that the Trump family may be using crypto ventures to “line their own pockets.”

The Trump Family Enters the Stablecoin Arena

Over the past year, the Trump family has become increasingly involved in various crypto-related businesses, ranging from mining companies to token trading platforms. A standout example is the launch of the USD1 stablecoin in March 2024, issued through a platform called World Liberty Financial, which is directly connected to the Trump family.

This direct link raised red flags among lawmakers. The senators stressed that the success of USD1 is “deeply intertwined” with the Trump family’s financial well-being. They warned that the former president could leverage his political influence to shape the nation’s crypto policy to his own financial benefit.

“Launching a stablecoin tied to a sitting President who stands to profit from it financially presents an unprecedented conflict of interest and a serious threat to the integrity of our financial system.”

USD1 and a $2 Billion Investment: A Model for Corruption?

The letter also referenced a controversial $2 billion deal involving MGX, a firm based in the United Arab Emirates. According to the senators, MGX invested in the Binance exchange using USD1. They described the arrangement as a “staggering model for corruption,” claiming that it could yield the Trump family hundreds of millions of dollars in profit.

The senators pointed out that MGX is a foreign government-backed entity, and that Binance has pleaded guilty to violating U.S. laws related to anti-money laundering and economic sanctions. They also noted that the underlying code for USD1 was reportedly developed with assistance from Binance, further complicating the ethical landscape.

Key Demands for the OCC

In their letter, the senators posed several direct questions to Gould:

• Does Trump have the authority to remove you at will?

• If political pressure is applied, would you resign and present your reasons to Congress?

• Will the OCC investigate the competitors of World Liberty Financial?

The senators requested detailed responses by August 14.

USD1 Surpasses PayPal and Ripple Stablecoins

Despite the controversy, USD1 has gained significant traction in the stablecoin market. According to CoinGecko, its current market capitalization stands at $2.17 billion, placing it as the seventh-largest stablecoin globally. This puts it ahead of stablecoins issued by companies like PayPal and Ripple, a remarkable milestone for a coin with such recent origins.

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