Coinbase Prepares to List Trump-Backed Stablecoin USD1 Amid Rising Supply
Coinbase has announced that it plans to add World Liberty Finance’s stablecoin, USD1, to its trading platform. The exchange confirmed that the token is now on its listing roadmap but warned users against making premature deposits. According to the exchange, transfers and trading will not be enabled until an official launch date is disclosed, and depositing the token beforehand could result in the permanent loss of funds.
What makes this announcement especially significant is USD1’s political and cultural undertone. The stablecoin is issued by World Liberty Finance (WLFI), a decentralised finance initiative co-founded by members of the Trump family and strongly branded around Donald Trump’s image. The project has marketed the coin with “Made in America” themes and tied it closely to Trump’s political brand.
Launched in March, USD1 operates on both Ethereum and the BNB Smart Chain. Despite being relatively new, it has already established itself as the world’s fifth-largest stablecoin by circulation. According to CoinMarketCap data, the token’s value has fluctuated slightly, with a modest 0.22% dip over the past year.
The project drew fresh attention earlier this month after U.S. Federal Reserve Governor Christopher Waller voiced support for stablecoins during a blockchain event in Wyoming. Waller argued that dollar-backed tokens could play a key role in strengthening the international role of the U.S. dollar. Shortly after his remarks, World Liberty Finance minted $200 million worth of USD1, boosting the supply to 2.4 billion tokens—the first major expansion since April.
The latest on-chain figures show that WLFI’s treasury has swelled to an all-time high of $548 million. Of that, $212 million is held in USD1, alongside 19,650 Ether and significant holdings in Aave’s Ethereum USDT market. The move underscores WLFI’s growing footprint in the DeFi sector.
Eric Trump, who is serving as executive vice president of The Trump Organisation and is actively involved in the WLFI initiative, confirmed that Coinbase’s planned listing is just the beginning. “More announcements are on the way,” he teased on social media, hinting at further developments that could cement USD1’s role in the digital asset market.
While Coinbase has not disclosed a firm timeline for when USD1 trading will open, adding it to the exchange’s roadmap signals growing recognition of the project and its ambitions to compete with major stablecoin issuers like Tether and Circle.
