Trump's Stablecoin Gets Major Boost With Coinbase Listing

World Liberty Financial’s USD1 stablecoin, a project supported by former U.S. President Donald Trump and his family, is now listed on Coinbase, one of the largest cryptocurrency exchanges in the United States. The announcement, made on X (formerly Twitter) by Coinbase, indicates that American users can now access USD1 alongside other stablecoins like USDC, USDT, and PAX. The move comes as part of broader developments in the stablecoin market, including the implementation of the GENIUS Act, a regulatory framework aimed at standardizing stablecoin issuance and trading in the U.S. [1]

The USD1 stablecoin is designed to maintain a 1:1 peg to the U.S. dollar and is backed by reserves held in treasury bills, cash deposits, and other cash equivalents. Its listing on Coinbase marks a key milestone for World Liberty Financial, which has also introduced a native token called WLFI. While WLFI is currently not tradable, token holders voted in July to enable its trading, suggesting growing interest in the platform. The platform is built on the Ethereum blockchain and integrates the Aave protocol to offer decentralized finance (DeFi) services such as crypto borrowing and lending. [2]

Coinbase emphasized that USD1 would only be available for trading once adequate market-making support and technical infrastructure are in place, cautioning users that early deposits could result in permanent loss. This approach underscores the exchange's commitment to ensuring a stable and secure launch for the stablecoin. The inclusion of USD1 in Coinbase's listing roadmap is seen as a positive signal for the token's credibility and potential adoption, particularly as it aligns with the platform's strategy to expand support for multiple blockchain networks. [4]

World Liberty Financial's USD1 has already seen significant growth in its supply, reaching $2.4 billion as of the latest report. A major portion of the new supply was contributed by MGX, a firm based in Abu Dhabi, which used USD1 in a $2 billion agreement with Binance. This development highlights the token's increasing acceptance among both retail and institutional investors. In addition to its role in major financial transactions, USD1 is also being integrated into DeFi protocols and the WLFI mobile application, further enhancing its utility. [4]

The launch of USD1 and its listing on Coinbase occurs amid a broader shift in U.S. policy toward cryptocurrencies under the Trump administration. Pro-crypto measures, such as the recently passed GENIUS Act and the announcement of a strategic Bitcoin reserve, have encouraged a resurgence in U.S. crypto founder activity. These developments contrast with the more restrictive approach taken under the previous administration. The administration's pro-crypto stance has drawn both praise for fostering innovation and criticism for potential conflicts of interest, particularly given Trump’s family’s involvement in crypto ventures like World Liberty Financial. [5]

The USD1 stablecoin and its associated DeFi platform are positioned to play a significant role in the growing stablecoin ecosystem. As stablecoins continue to gain traction, they are increasingly used as a medium of exchange in the digital asset space, allowing traders to move in and out of positions quickly without relying on traditional banking systems. The expansion of USD1’s availability on major platforms like Coinbase may further accelerate its adoption, particularly if the token continues to demonstrate stability and regulatory compliance. [1]

Source: [1] Trump-Backed World Liberty Gets Coinbase Approval With... (https://finance.yahoo.com/news/trump-backed-world-liberty-gets-212741844.html) [2] World Liberty Financial's Stablecoin USD1 Now Available... (https://www.morningstar.com/news/business-wire/20250822028641/world-liberty-financials-stablecoin-usd1-now-available-on-coinbase) [4] Trump's Crypto is Coming to Coinbase: USD1 Stablecoin... (https://crypto-economy.com/trumps-crypto-is-coming-to-coinbase-usd1-stablecoin-added-to-roadmap/) [5] Trump's pro-crypto pivot brings us founders back into the... (https://www.mitrade.com/insights/news/live-news/article-3-1059561-20250822)