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Trump's crypto venture introduces fourth digital currency
Bangkok Post
|March 28, 2025
World Liberty Financial, the cryptocurrency company started by President Donald Trump and his sons, announced Tuesday that it was planning to sell a digital currency called Stablecoin, deepening the president's ties to the crypto industry as his administration relaxes regulation of the industry.
The stablecoin would be known as USDD, the company wrote in a social media post, without revealing where it would go on sale. Stablecoins, a popular form of cryptocurrency, are designed to maintain a constant value of $1, making them useful for many types of crypto transactions.
“No gimmicks. Just real stability,” World Liberty posted on its X social media account.
The stablecoin is the fourth digital currency that Trump or his business partners have started to publicly offer over the past year. World Liberty already offers a cryptocurrency called WLFI. This month, the company announced it had sold $350 million of those digital coins. A business entity linked to Trump receives a 75% cut of the sales.
Days before his inauguration, Trump also started selling a so-called meme coin, a type of digital currency based on an internet joke or celebrity. Barron, Melania Trump put her own memecoin on the market that same weekend.
This story is from the March 28, 2025 edition of Bangkok Post.
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