Today in crypto: Trump’s USD1 stablecoin drops
Circle expands USDC to Japan as Crypto.com’s Cronos surges on partnership with Trump Media
Trump’s stablecoin push – USD1 arrives
The Trump family is diving deeper into crypto with the launch of USD1 – a new stablecoin from their DeFi project, World Liberty Financial. After months of planning and legal work, the coin is finally here, and it’s set to make a big impact in the digital finance space.
A stablecoin is a type of cryptocurrency that’s pegged to the U.S. dollar, meaning it’s designed to hold a steady value rather than bouncing up and down like Bitcoin or Ethereum. This makes it useful for making payments or keeping funds safe from crypto’s notorious volatility.
With President Trump back in the White House and his administration pushing to make the U.S. a "Bitcoin superpower," the timing couldn’t be better. Plus, with Republicans in Congress working on a new law to clear up stablecoin regulations, the project’s legal path looks a lot smoother.
World Liberty Financial made headlines last year by raising over $550 million through sales of its governance token, WLFI. Now, they’re setting their sights on making USD1 a big player in the stablecoin market, challenging giants like Tether.
It’s not just about the politics – it’s about tapping into the massive potential of stablecoins as digital dollars that can be moved quickly and cheaply around the world.
Also note that USD1 is not currently trading on any exchange, so any tokens claiming to be USD1 are scams.
USD1 is not currently tradable. Beware of scams and follow us here for all official announcements 🦅https://t.co/msnj0zLSp7
— WLFI (@worldlibertyfi) March 24, 2025
Trump Media's crypto move sends Cronos soaring
In another big move linked to Trump, Crypto.com’s native token, Cronos (CRO), shot up by 30% in just 24 hours after Trump Media announced plans to partner with the exchange on new investment products. These will include funds that give people exposure to Bitcoin, Cronos, and even energy-related assets.
The project is branded as "Truth.Fi" and will be developed alongside Crypto.com, which recently cleared up some legal issues with the SEC. The partnership marks a big step forward in Trump Media’s strategy to blend finance and tech. It also shows how Trump’s embrace of crypto is having a direct impact on the market.
The news sent Cronos trading volume through the roof, climbing from $21 million to $126 million. For investors holding CRO, it was a welcome boost after months of sluggish performance.
Circle takes USDC to Japan
Circle partners with SBI to bring USDC to Japan – a big step for digital finance. Photo: Unsplash / Guus Baggermans
Circle, the company behind USDC – one of the most popular stablecoins – is making a big move into Japan’s crypto market. Partnering with SBI VC Trade, they’ve become the first company to get official approval to launch a stablecoin under Japan’s new digital asset rules.
This means USDC will soon be available to trade on major Japanese exchanges, including Binance Japan, Bitbank, and BitFlyer. The idea is to make cross-border payments and financial transactions easier and cheaper using blockchain technology.
Circle’s CEO Jeremy Allaire said this move opens up "tremendous opportunities" for Japan’s digital asset market. As Japan’s yen continues to weaken against the dollar, there’s a chance that Japanese investors could turn to USDC as a safer bet.
Strategy hits 500,000 Bitcoin milestone
The crypto market got a boost this week after the Federal Reserve decided not to raise interest rates. Investors saw this as a positive sign, and it sent Bitcoin climbing back up to around $87,350 – the highest it’s been in a while.
Other coins like Ethereum and Solana also saw gains of 4% and 6%, respectively. And it wasn’t just crypto – stocks linked to the space also rallied. Strategy (formerly known as MicroStrategy) saw its shares jump 10% after announcing they now hold over 500,000 Bitcoin – worth a staggering $44 billion.
The market has been pretty bumpy lately, with fears about inflation and new tariffs from the Trump administration causing uncertainty. But with the Fed showing a more relaxed stance on interest rates, investors seem to be breathing a sigh of relief – at least for now.
