Trump-backed World Liberty moves into crypto lending as USD1 climbs stablecoin ranks

World Liberty Financial, a crypto project backed by Donald Trump, has introduced its first lending and borrowing product, World Liberty Markets, which is powered by Dolomite. This platform allows users to lend and borrow digital assets using its USD1 stablecoin, alongside other collateral like ether and USDC. The USD1 stablecoin has rapidly grown, nearing a $3.5 billion market capitalization, making it one of the largest dollar-backed tokens, just behind PayPal's PYUSD. This product launch coincides with World Liberty's efforts to gain federal supervision by applying for a national trust bank charter with the OCC. The move also aligns with a broader recovery in crypto credit markets. The project has faced scrutiny regarding potential conflicts of interest, as Reuters reported the Trump family earned hundreds of millions from World Liberty Financial and related token sales in the first half of 2025, though the company maintains that crypto-native executives manage daily operations.

(Source：The Block)