Is USD1 the First Politically-Backed Moonshot? $2B MC in Weeks!

I saw something wild while digging through the new stablecoin launches. A token called USD1 dropped in March 2025 and already hit a $2 billion market cap 🤯 That kind of growth in a few weeks is rare, even for stablecoins.

Here’s where it gets spicy: it’s backed by World Liberty Financial, and a bunch of reports are linking it directly to the Trump family (Eric Trump, Don Jr., etc.). They own 60% of the project and get 75% of the revenue. On the surface, it sounds like a political meme coin, but the market isn’t treating it like a joke.

Some details:

• Pegged 1:1 to USD
• Backed by U.S. Treasuries and cash equivalents
• BitGo handles the reserves, third-party audits included
• Already live on Ethereum + BSC, with more chains coming
• Marketed as “for institutions”—think cross-border payments and settlements

It launched on a few exchanges (Bitget was early), and I noticed some price differences early on, maybe some juicy arbitrage happened?

Was this just election-year hype or the start of something bigger? Trust is everything for stables. Curious if anyone here is buying in or staying far away.