Updated

Updated · CNBC · Aug 25

World Liberty CEO Rebuts Trump Conflict Claims as USD1 Tops $4 Billion in Circulation

Updated

Updated · CNBC · Aug 25

World Liberty CEO Rebuts Trump Conflict Claims as USD1 Tops $4 Billion in Circulation

1 articles · Updated · CNBC · Aug 25

Zach Witkoff said World Liberty Financial operates independently of political influence, rejecting claims that its Trump-linked USD1 stablecoin could be used to funnel money to the president or his family.
$4 billion of USD1 is in circulation and daily trading exceeds $1 billion—reaching $1.7 billion over the past 24 hours—which Witkoff cited as evidence of real customer use rather than political patronage.
World Liberty recently won conditional approval for a national trust-bank charter, a step that would let it bring USD1 issuance and custody in-house.
Conflict concerns persist because Trump’s 2025 disclosure showed about $515 million from WLF token sales and $65 million from equity sales, while a UAE-linked group’s reported 49% stake has drawn congressional scrutiny.

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