Trump-associated crypto project World Liberty Financial responds to external concerns. The company disclosed that its stablecoin, USD1, currently has a circulating supply exceeding $4 billion and daily trading volume surpassing $1 billion, indicating clear use cases rather than reliance solely on political associations.
USD1 trading volume is used as the basis for the response.
Zach Witkoff, CEO of World Liberty Financial, said in an interview with CNBC that real-world usage of USD1 is expanding. According to him, USD1's trading volume reached $1.7 billion in the past 24 hours, and its circulating supply has surpassed $4 billion.
He said these data reflect that users are actively using USD1 in their daily transactions, making it unlikely that the stablecoin is being used by corporations or foreign entities to channel funds to Trump and his family.
The company states that its operations are independent of political influence.
The company disclosed that World Liberty Financial provides stablecoins with real-world utility, and its operations operate independently of political influence. Witkoff also stated that he has never communicated with Trump regarding the company’s business and will not do so in the future.
In the interview, he emphasized that his focus is on driving product execution and customer adoption, rather than responding to political allegations. According to him, stablecoins are gradually becoming the cash layer in the internet’s 24/7 environment, and the dollar should also have the same round-the-clock liquidity.
Disputes still center on Trump's affiliations.
World Liberty Financial, launched in 2024 with involvement from Trump, his children, and related parties, operates the stablecoin USD1. The company has recently received conditional approval to apply for a national trust bank charter, which will enable greater internal control over the issuance and custody of USD1.
Trump's annual financial disclosure shows that he earned approximately $515 million from the sale of World Liberty Financial tokens and about $65 million from the sale of equity in WLF Holdings in 2025, continuing to draw attention to the financial ties between the project and the Trump family.
Additionally, it was reported that a group linked to the UAE purchased a 49% stake in the project, prompting Democratic members of the U.S. Congress to question whether this investment influenced government policy on AI chip exports and arms sales.
- USD1 circulating supply: over $4 billion
- USD1 daily trading volume: over $1 billion
- Highest trading volume in the past 24 hours: approximately $1.7 billion
Additional information: The article also mentions that the Trump family had the right to receive approximately $500 million from a transaction between World Liberty Financial and Alt5 Sigma, after which Alt5 Sigma's stock price declined.