WLFI: The increase of USD1 comes from the product itself and market adoption, rather than special treatment from the Trump administration

According to CNBC, the cryptocurrency project World Liberty Financial, supported by the Trump family, stated that the rapid growth of its stablecoin USD1 and actual market demand refute external doubts about the project primarily relying on political connections for development. Currently, the circulation scale of USD1 has exceeded 4 billion dollars.

World Liberty Financial CEO Zach Witkoff stated that the growth of USD1 comes from the product itself and market adoption, rather than special treatment from the Trump administration. USD1 was previously used in the 2 billion dollar investment transaction by the Abu Dhabi investment firm MGX in Binance, which is also one of the most significant institutional applications of USD1 to date.

Recently, World Liberty Financial also received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, planning to directly issue and redeem USD1 through World Liberty Trust Company in the future, and manage its reserve assets. Regarding the project's relationship with the Trump family, some Democratic lawmakers in the U.S. continue to raise concerns about conflicts of interest.