A stablecoin backed by the Trump family has surged past a $5 billion market capitalization, marking a major milestone for the family’s rapidly expanding crypto venture.

Donald Trump Jr. on Wednesday touted the growth of USD1, a dollar-pegged stablecoin launched less than a year ago by World Liberty Financial, a crypto firm he co-founded with his brother Eric Trump. Posting a screenshot from CoinMarketCap on X, Trump Jr. described USD1 as “built in America” and said it was being “adopted by serious institutions.”

Eric Trump echoed the celebration as USD1 climbed to become the world’s fifth-largest stablecoin, surpassing offerings from PayPal and Ripple.

The swift rise of USD1 highlights how aggressively the Trump family has moved to capitalize on the growing digital asset sector. Trump Jr. has positioned himself as both a vocal advocate and an operator in crypto, while World Liberty Financial has integrated USD1 as the core asset of its decentralized finance platform, allowing users to lend and borrow digital assets.

The company has also applied for a U.S. national banking license, signaling plans to scale the issuance and custody of dollar-backed digital currency—potentially opening another lucrative revenue stream tied to the Trump brand.

USD1’s ascent has not been without controversy. The stablecoin was used to facilitate Abu Dhabi-based MGX’s $2 billion transaction with Binance, drawing scrutiny from Senator Elizabeth Warren. She raised concerns about a possible quid pro quo involving the Trump family and Binance founder Changpeng “CZ” Zhao, who was later pardoned by President Donald Trump.

Zhao has denied any wrongdoing, stating the transaction was merely a payment mechanism and not an investment in World Liberty Financial.

Despite the criticism, USD1’s rapid growth underscores the Trump family’s increasing influence in crypto markets—and the significant sums flowing through stablecoins, decentralized finance platforms, and tokenized financial products as institutional adoption accelerates.