Trump-linked stablecoin lands on the project launched by his wealthiest VIP guest originally appeared on TheStreet .
Justin Sun, the Chinese-born billionaire founder of the TRON blockchain, revealed on X on 11 June that the first USD1 stablecoin has officially been minted on TRON.
Sun called the development as:
"a small step for USD1, a giant leap for stablecoins!"
A stablecoin is a type of cryptocurrency that, unlike usually volatile cryptocurrencies such as Bitcoin , aims to maintain a stable value. Pegged 1:1 to the U.S. dollar, USD1 is a stablecoin launched by World Liberty Financial , a decentralized finance (DeFi) project linked to the Trump family.
While President Donald Trump himself acts as the chief crypto advocate at the project, his sons Donald Jr., Eric, and Barron act as its ambassadors. The family holds a 60% stake in the project.
Notably, TRON founder Justin Sun was the wealthiest guest at the private dinner gala hosted by Trump for the top 220 holders of the TRUMP meme coin on May 22. Sun bought TRUMP coins worth $19 million to make it to the VIP event.
As previously reported , the Securities and Exchange Commission (SEC) had sued Sun in March 2023 for allegedly selling unregistered securities. After Trump won the presidential election in November 2024, Sun invested $30 million into the World Liberty Financial. Thereafter, the SEC, Tron, and Sun jointly urged the court in February 2025 to stop the proceedings.
As per DeFiLlama , the stablecoin market is worth $251 billion, and USD1 accounts for a mere 0.0086% share.
Besides USD1 and the eponymous meme coins, the Trump family is also engaged with other crypto ventures, such as Bitcoin mining and crypto exchange-traded funds (ETFs).
Trump-linked stablecoin lands on the project launched by his wealthiest VIP guest first appeared on TheStreet on Jun 12, 2025
This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
