Trump Family's Cryptocurrency Ventures Surge 45 Billion Dollars, Driven by USD1 Stablecoin Growth on PancakeSwap

The Trump family has amassed a staggering 45 billion dollars in wealth through their cryptocurrency ventures, with the core driver being the explosive growth of the stablecoin USD1. This surge is reportedly fueled by the secretive operations of the platform PancakeSwap, which is allegedly controlled by Binance. Binance not only provides the underlying trading infrastructure but also holds a significant stake in the platform. This revelation has sparked intense scrutiny and speculation within the cryptocurrency community, as the Trump family's involvement in digital assets continues to grow.

The rapid accumulation of wealth through cryptocurrency ventures has outpaced the earnings from any other segment of the Trump business empire, highlighting the lucrative potential of digital currencies. The Trump family's foray into cryptocurrency has been marked by strategic investments and partnerships, positioning them at the forefront of this rapidly evolving financial landscape. The use of stablecoins like USD1, which are designed to maintain a stable value, has been a key factor in their success. These stablecoins provide a reliable medium of exchange and store of value, making them attractive to investors seeking stability in the volatile cryptocurrency market.

In June, the Trump family's cryptocurrency company, World Liberty Financial, announced a partnership with PancakeSwap. The goal was to increase the adoption rate of their stablecoin, USD1. Following this announcement, the trading volume of USD1 on PancakeSwap skyrocketed, becoming a key driver of World Liberty Financial's profits. However, the partnership announcement did not disclose a crucial detail: PancakeSwap is reportedly created and managed by employees of Binance. This information further links the Trump family's business interests with Binance.

Meanwhile, the founder of Binance, who was jailed for four months last year due to issues such as money laundering and agreed to pay a 43 billion dollar fine, has been actively lobbying the White House for a presidential pardon. According to insiders, the founder recently hired a lobbyist with close ties to Donald Trump Jr. to push for this pardon. This series of business operations has raised concerns about potential conflicts of interest. The White House press secretary responded by stating that the media's continued attempts to fabricate conflicts of interest are irresponsible, emphasizing that the Trump family has never and will never be involved in any conflicts of interest.

PancakeSwap presents itself as a casual, decentralized platform, claiming to be run by a group of anonymous "chefs" and comparing cryptocurrency trading to "flipping pancakes." However, the reality is more complex. Former Binance employees have revealed that the platform was an internal project incubated by Binance in 2020 to capitalize on the "decentralized finance" (DeFi) trend and has been under Binance's control ever since. PancakeSwap's trading platform is built on Binance's blockchain network, providing the necessary technical support for its operations. This hidden management relationship means that Binance has provided the critical infrastructure and market channels for USD1's success, much of which has not been fully disclosed to the public.

The core of the Trump family's wealth growth is the stablecoin USD1 issued by their company, World Liberty Financial. Stablecoins are digital currencies pegged 1:1 to the US dollar, with issuers earning interest by investing reserve funds in government bonds and money market funds. With a current circulating supply of over 2 billion dollars, USD1 is estimated to generate approximately 80 million dollars in annual revenue for World Liberty. The Trump family owns 40% of the company, and according to a disclosure filed on Monday, the value of their stake in this cryptocurrency is 45 billion dollars.

To boost the market demand for USD1, PancakeSwap played a pivotal role by launching a "liquidity drive" campaign, offering rewards of up to 1 million dollars to the most active USD1 traders. This incentive led to a surge in USD1's daily trading volume on PancakeSwap, from a few million dollars to over 10 billion dollars, accounting for more than 90% of its global trading volume. The founder of the cryptocurrency AI company Tagger stated, "The prevailing view within this ecosystem is that Binance is supporting USD1."

Binance's support for USD1 extends beyond PancakeSwap. Blockchain data shows that the Binance platform itself holds 2 billion dollars worth of USD1, ensuring that World Liberty can continue to profit from reserve fund investments by not liquidating these stablecoins. Additionally, Binance promotes emerging token projects that trade with USD1 through its "Binance Alpha" program, further expanding USD1's use cases. As commercial ties deepen, the founder's political aspirations have also surfaced. Last year, Binance agreed to pay a 43 billion dollar fine after being labeled a "money laundering hub," and the founder was jailed as a result.

According to insiders, this billionaire cryptocurrency tycoon recently hired a lobbyist with close ties to Donald Trump Jr. to seek a presidential pardon. The founder has stated on social media that "no serious criminal would mind receiving a pardon," but has denied any connection to commercial transactions. The Trump family's cryptocurrency business is closely linked to entities and individuals with Chinese backgrounds. Reports indicate that PancakeSwap's website was initially registered in Shanghai, and the Telegram group promoting USD1 trading is predominantly composed of Chinese users. Additionally, a billionaire in the cryptocurrency circle is one of the largest investors in World Liberty. Insiders reveal that the Trump family's son and co-founder of World Liberty, plans to attend a Bitcoin conference in China Hong Kong before August to meet with more potential partners. The company has also explored investment opportunities with HashKey, a cryptocurrency service provider in China Hong Kong, whose major shareholder is a Chinese company. These commercial activities contrast sharply with the political rhetoric from the White House.