Trump endorses the stablecoin USD1 log in TRON: an intertwined experiment of politics, capital, and technology.

On June 11, the DeFi platform World Liberty Financial (WLFI), closely associated with the Trump family, announced that its stablecoin USD1 has officially been minted on the TRON network.

The emergence of USD1 is not just the entry of a new player in the stablecoin space, but also an experiment to observe how political influence is transformed into financial products and how it will respond to market competition and regulatory scrutiny.

Technical and Market Choices: Strategic Value of TRON Network

According to TRON founder Justin Sun's confirmation on his X platform, the first batch of USD1 has been successfully issued on the TRON blockchain. WLFI has chosen TRON as an important part of its multi-chain deployment, and its strategic intent is clearly visible. TRON is known for its extremely low transaction fees and high throughput, which provides the technical foundation for USD1 to achieve its narrative of "inclusive finance." For a stablecoin aimed at attracting a wide range of retail users, a low-cost and high-efficiency trading experience is key to its large-scale adoption.

WLFI positions USD1 as a compliant alternative to Tether (USDT) and USD Coin (USDC), claiming it is backed by 100% cash and cash equivalents (such as short-term U.S. Treasury bonds) and strictly adheres to AML/KYC regulations. TRON, as the largest USDT circulating network globally, has a large stablecoin user base.

Logging into TRON with USD1 is no different from directly entering a mature market, attempting to siphon off users and funds, and the path is much more efficient than building an ecosystem from scratch.

Market Performance: Highlight Data and Liquidity Concerns

Since its launch in March 2025, USD1 has shown impressive initial market enthusiasm.

According to Kaiko data, after being listed on Binance in May, its transaction volume exceeded 10 billion USD within 10 days. However, behind the impressive figures lies skepticism about the true demand and liquidity depth of the market. On-chain analysis shows that the trading volume of USD1 is highly concentrated in a few wallet addresses, raising discussions about whether its market activity is genuine user behavior or internally guided liquidity.

In addition, the "symbolic" airdrop of WLFI conducted in early June distributed 47 USD1 coins to some holders, which has been widely interpreted as a tribute to the 47th President of the United States, Donald Trump. This marketing approach of integrating political symbols into financial products once again highlights the uniqueness and controversy of USD1. Although the airdrop increased the on-chain decentralization of the token to some extent, its restrictions in jurisdictions such as New York also exposed the real challenges it faces in terms of compliance.

The "double-edged sword" of political background and regulation

The most striking label of USD1 is undoubtedly its deep ties to the Trump family. The founding narrative of WLFI—originating from the Trump family's experience of "de-banking" in New York—aims to serve groups marginalized by the traditional financial system, giving it a strong political color from the very beginning. Trump himself is positioned by the project as the "Chief Crypto Advocate," and the involvement of his family members has further brought this association to the forefront.

However, this political halo is a double-edged sword. It can quickly attract supporters with the same political stance, forming a solid community foundation. But at the same time, it inevitably makes it a focal point for political opponents and regulatory agencies.

Despite WLFI's repeated emphasis on its compliance and its efforts to enhance transparency through partnerships with institutional custodians like BitGo, its close ties to politics have placed it under the regulatory spotlight.

Outlook: Seeking breakthroughs amid controversy

USD1 is striving to expand its market territory through its multi-chain deployment strategy (which has covered Ethereum, BNB Chain, and TRON) and active cooperation with exchanges. The Abu Dhabi investment company MGX announced that it will use USD1 for large-scale investments, which is seen as a significant breakthrough in its institutional adoption.

However, the road ahead is still fraught with challenges. Compared to the deeply entrenched USDT and USDC, USD1 still has a long way to go in terms of institutional partnerships, ecological incentives, and market depth. Its market capitalization of approximately $2.18 billion still appears small in the vast stablecoin market.

Written at the end

The launch of USD1 on the TRON network is a key step in its expansion strategy and a bold attempt to penetrate the financial sector with political influence. Whether it can transcend the realm of a "political meme" and truly become a competitive player in the stablecoin market will depend on whether its operating team can navigate the complex regulatory environment with ease and build a genuinely vibrant financial ecosystem.

In the future, the market will continue to observe whether USD1 will become a rising star or ultimately be defined and limited by its strong political colors.