Trump family’s stablecoin ‘USD1’ faces first real-world test

Crypto Now

Pilot introduction for tokenized fund settlement

The Trump family’s dollar-pegged stablecoin, ‘USD1,’ has been put to the test over whether it can be used in real financial services. This comes as global wealth manager Apex Group decided to pilot USD1 for tokenized fund settlements.

According to the industry on the 22nd, U.S. President Donald Trump’s eldest son, Donald Trump Jr., and second son, Eric Trump, said in an interview with CNBC at the ‘World Liberty Forum’ event held on the 18th at Mar-a-Lago in Florida that “USD1 will help sustain dollar hegemony.”

USD1 is a stablecoin designed to be pegged to the value of the U.S. dollar. It was issued by World Liberty Financial, in which the Trump family holds a stake. Trump Jr. argued that “as crypto companies have emerged as major buyers globally, USD1 could help stabilize demand for dollars.”

The event also unveiled plans to apply USD1 to real payments. Apex Group plans to form a partnership with World Liberty Financial and run an experiment using USD1 as a settlement instrument on a tokenized fund platform. The idea is to verify whether USD1 functions in practice across processes such as subscriptions, redemptions and distribution of proceeds.

A plan for a USD1-based global remittance service, ‘World Swap,’ was also presented. World Liberty Financial said it would use World Swap to reshape the bank-centered international remittance structure and reduce costs and procedures in the global remittance market, estimated at $7 trillion. The approach is to link to bank accounts in each country to streamline FX settlement processes and offer lower fees than existing options.

The market is watching whether USD1 will move beyond political messaging and take root as real financial infrastructure. The Trump brothers stressed that USD1 would not threaten the dollar, but rather expand dollar-based demand and be positive for the U.S. Treasury market as well. Still, observers also note that the very image of a stablecoin involving a president’s family pushing “dollar strengthening” while expanding into financial services could spill into political controversy, including conflict-of-interest concerns.