World Liberty Financial defends USD1 growth against Trump conflict claims

World Liberty Financial defends USD1 growth against Trump conflict claims
USD1 growth faces scrutiny

Political scrutiny around Trump-linked crypto ventures is intensifying as World Liberty Financial expands its stablecoin business and moves deeper into regulated financial services. The company says strong trading activity and circulation of USD1 show customer demand rather than political influence tied to the Trump family.

Highlights

  • World Liberty Financial defends USD1 stablecoin's legitimacy, noting over $4 billion in circulation and $1.7 billion in trailing 24-hour trading volume.
  • World Liberty Financial secures conditional approval for a national trust-bank charter, enabling in-house issuance and custody of USD1.
  • Trump's 2025 disclosures show $515 million income from WLF token sales, $65 million from equity sales, and UAE-linked group acquires 49% stake, sparking conflict concerns.

USD1 growth and charter expansion

As reported by CNBC, World Liberty Financial CEO Zach Witkoff says concerns that companies or foreign governments could use the USD1 stablecoin to channel money to President Donald Trump and his family are misplaced, arguing that the token’s scale reflects genuine market use. He says more than $4 billion of USD1 is in circulation and that daily trading volume exceeds $1 billion, adding that trailing 24-hour volume reached $1.7 billion before his Tuesday appearance on “Squawk Box.”

Witkoff says the company operates independently of political influence and is focused on delivering utility to customers. World Liberty Financial, launched in 2024 by Trump, his sons and associates, runs the USD1 stablecoin and recently receives conditional approval for a national trust-bank charter, a step that would allow issuance and custody of USD1 to move in-house.

He also says he has never discussed business with the president and does not plan to do so. Witkoff describes stablecoins as a growing cash layer for the internet, saying World Liberty is focused on execution for employees and customers as digital payments run continuously.

Conflict concerns and financial exposure

Questions about conflicts of interest continue as the venture’s commercial ties draw attention in Washington and in the crypto market. Trump’s annual financial disclosure shows about $515 million in income from token sales linked to World Liberty Financial and $65 million from sales of equity in WLF’s holding company in 2025.

A group linked to the United Arab Emirates reportedly buys a 49% stake, raising questions from congressional Democrats about whether the investment affects administration policy on AI-chip exports and arms sales. The Trump family is also entitled to roughly $500 million from a deal between WLF and Alt5 Sigma, whose shares later plunge.

Witkoff says those criticisms overlook the broader scale of Trump family business interests and overstate the importance of USD1 within that portfolio. He maintains that the stablecoin’s liquidity, distribution and daily use by customers are the clearest indicators of its commercial purpose.

Our earlier report on Trump’s oil and gas portfolio gains during the Iran war outlined a congressional minority analysis claiming his energy holdings rose in value as the conflict pushed up fuel prices. It also detailed estimates that U.S. motorists paid tens of billions more at the pump while major oil producers posted outsized profits, intensifying questions about who benefits financially from wartime and inflation-sensitive policy shifts.

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