Eric Trump said USD1, the stablecoin issued by World Liberty Financial, has grown larger than PayPal Holdings Inc.(NASDAQ:PYPL)‘s PYUSD stablecoin. He described the development as a “major milestone” in an X post.
He stated, “The shift is happening.”
A major milestone for USD1. We are now larger than PayPal's digital dollar (PYUSD) and growing into one of the most significant digital dollar platforms in the world.
This isn't just about crypto. It's about building the future of global money.
On Friday, Binance, the world’s largest cryptocurrency exchange, announced a $40 million WLFI token airdrop for USD1 holders, running from Friday to Feb. 20. Weekly distributions will reward users holding USD1 in Spot, Funding, Margin, or Futures accounts, with a 1.2× bonus for collateralized holdings.
Trump Family Holdings in World Liberty
World Liberty Financial, a Wilmington-based decentralized finance (DeFi) platform, is heavily backed by the Trump family. A Trump business entity owns 60% of World Liberty and is entitled to 75% of all revenue from coin sales.
The company, which was co-founded by Eric, applied for a national trust bank charter earlier this month.
Criticism of Traditional Banking System
President Donald Trump‘s son is also the co-founder of American Bitcoin Corp.(NASDAQ:ABTC) and has recently criticized banks, stating that “big banks” are doing “everything they can to stop” crypto legislation, adding that the financial system is changing.
Senators Call for Probe Over Alleged Foreign Ties
In November, Senators Elizabeth Warren (D-Mass.)and Jack Reed (D-R.I.) called for a probe into World Liberty Financial, alleging it sold tokens to businesses linked to North Korea and Russia, creating national security risks. Eric Trump dismissed the claims, calling them ‘absolutely laughable‘ and saying the company knows every token buyer.
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