World Liberty CEO Defends USD1 Stablecoin Growth Against Trump Ties Allegations

World Liberty Financial CEO Zach Witkoff has defended the USD1 stablecoin against allegations that its growth is driven by political connections to President Donald Trump, citing its trading volume and market adoption as evidence of genuine demand. The defense comes as the company navigates recent regulatory approval and ongoing scrutiny over potential conflicts of interest. Witkoff pointed to USD1's roughly $1.42 billion in daily trading volume and a market capitalization exceeding $4 billion as proof of organic institutional trust. "USD1 grew because institutions trust how it operate, and confidence at enterprise scale deserves the backing of federal supervision," he stated.