WASHINGTON, D.C.

World Liberty Financial (WLFI), a financial protocol associated with President Donald Trump and his family, presented its stablecoin at a crypto event in Washington, attended by lawmakers discussing U.S. cryptocurrency policy.

Donald Trump Jr. participated via video, expressing enthusiasm about the potential of digital assets. He stated, “I’m just super excited about what this can mean for the future of banking, for the future of the financial systems. I was sort of the beneficiary of the old way of doing things, but that doesn’t mean it’s the best way of doing things.”

The firm announced the launch of its USD1 stablecoin, set to debut on Ethereum and Binance’s BNB Chain, coinciding with Congress’s efforts to establish stablecoin regulations.

Zach Witkoff, another co-founder of WLFI, shared, “We’re excited for the world to experience our stablecoin. I do think that retail and institutions are really going to lean into the product.”

The event also featured key Republican figures like Senator Tim Scott and Representative French Hill, who are instrumental in moving forward with stablecoin legislation. Hill remarked, “You don’t make permanent change in policy though executive action. That’s why leadership in the Senate and House [is crafting] a stablecoin regime that can make America the principal home for stablecoins, dollar-backed stablecoins.”

Trump Jr. emphasized that stablecoins offer a safe alternative to traditional banking, citing wastage in current systems.

Witkoff highlighted the goal of enabling everyday transactions with stablecoins, noting, “Our goal is for you to be able to walk into your local bodega and buy a ham sandwich using stablecoins.”