World Liberty says $4B USD1 growth comes from demand, not Trump ties

World Liberty Financial has defended the demand behind its USD1 stablecoin after circulation surpassed $4 billion, rejecting claims that the token’s growth depends on the Trump family’s political connections. Summary USD1 circulation has exceeded $4 billion since the stablecoin launched in March 2025. World Liberty CEO Zach Witkoff said institutional demand, rather than political access, drove its growth. MGX used $2 billion in USD1 to complete an investment in Binance. The OCC has conditionally approved a national trust bank charter tied to World Liberty. World Liberty credits USD1 demand to institutional use CNBC reported on Aug. 25 that World Liberty Financial CEO Zach Witkoff pointed to USD1’s adoption as evidence that the stablecoin has grown on its own merits rather than through favorable treatment from President Donald Trump’s administration. With more than $4 billion in circulation, USD1 has become one of the largest dollar-pegged cryptocurrencies since its March 2025 launch. World Liberty says the token is backed by U.S. dollars held at financial institutions, U.S. government money market funds, and other cash equivalents. “USD1 grew because institutions trust how it opera...