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Stablecoins

Shinhan, Hana, Woori, KB Financial Said to Meet Tether, Circle on Won Stablecoins: Report

by admin August 22, 2025

South Korea’s largest financial groups are set to meet officials from Tether and Circle Internet (CRCL), issuers of the two largest stablecoins, as early as this week, according to Yonhap.

In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will discuss potential partnerships on distributing and transacting with dollar-pegged stablecoins in the country, as well as explore the issuance of a stablecoin pegged to the won.

The moves come as President Lee Jae Myung’s pro-crypto administration pushes to establish a market for stablecoins, digital tokens whose value is pegged to a conventional asset, tied to the won, a key pledge from his election campaign. The Bank of Korea shelved plans to issue a central bank digital currency (CBDC) in June following Lee’s election earlier in the month. Upbit, one of the country’s largest crypto exchanges, has already said it’s working with Naver Pay on a stablecoin.

Shinhan CEO Jin Ok-dong and Hana CEO Ham Young-joo are scheduled to meet Circle President Heath Tarbert on Friday, and Ham is also expected to sit down with a Tether official later the same day. KB Financial’s chief digital & IT officer, Lee Chang-kwon, and Woori Bank President Jeong Jin-wan are reportedly arranging similar talks with Circle, whose USDC is the second-largest stablecoin, trailing Tether’s USDT.

Read more: Crypto for Advisors: Asian Stablecoin Adoption

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August 22, 2025 0 comments

Crypto Trends

Stablecoins Will Boost US Bonds Demand: Treasury Secretary

by admin August 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Treasury Secretary has reportedly contacted leading crypto industry players to discuss the potential impact of the stablecoin sector on the demand for US government bonds in the coming years.

Treasury Secretary Bets On The Crypto Industry

On Wednesday, the Financial Times (FT) reported that the US Treasury Secretary, Scott Bessent, is “betting” on the crypto industry to become a key buyer of US Treasuries in the coming years.

Following the enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in July, digital assets pegged to the US dollar are required to be backed on a one-to-one basis by US dollars or Treasury bills.

Sources familiar with the discussions told the news media outlet that Secretary Bessent has signaled to Wall Street that he expects the industry to “become an important source of demand for US government bonds” as Washington seeks to bolster demand for a surge of new US government debt.

According to FT, Bessent has contacted leading stablecoin issuers, including Circle and Tether, for information, revealing the Treasury Department’s alleged plans to increase sales of short-term bills for the coming quarters.

The report noted that the focus on the sector follows investors’ concerns about the US’s deteriorating public finances, adding that the Treasury Department’s hopes are also a sign of the White House’s “drive to bring crypto to the heart of US finance.”

“The recent passage of the Genius Act is a significant development which we are monitoring as it will promote innovation in stablecoins and grow demand for short-term Treasury securities” the Treasury Department told FT, explaining that “issuance plans will continue to be informed by a variety of inputs including that from investors, primary dealers and the Treasury borrowing advisory committee”.

Jay Barry, head of global rates strategy at JPMorgan Chase, told FT that “[Secretary Bessent and the Treasury department] absolutely think that stablecoins will be a real source of new demand for Treasuries. And that is absolutely why [Bessent] is comfortable weighting issuance towards [short-term debt].”

A Multi-Trillion ‘Gold Rush’ Era?

Notably, the Treasury Secretary previously affirmed that “this groundbreaking technology will buttress the dollar’s status as the global reserve currency, expand access to the dollar economy for billions across the globe, and lead to a surge in demand for U.S. Treasuries, which back stablecoins.” Adding that “The GENIUS Act provides the fast-growing market with the regulatory clarity it needs to grow into a multitrillion-dollar industry.”

Similarly, Goldman Sachs asserted that the industry is “at the beginning of a stablecoin gold rush,” which could potentially bring the $271 billion global market to trillions of dollars, Fortune reported.

“Stablecoins are a $271bn global market, and we believe USDC (…) benefits from market share gains on and off of partner Binance’s platform, as ongoing stablecoin legislation legitimizes the ecosystem, and the crypto ecosystem expands, also potentially catalyzed by legislation,” the report highlighted, citing the bank’s research paper from August 20.

Payments are the most obvious source of (total accessible market) expansion for stablecoins over the longer term. This opportunity is largely untapped so far, with the majority of stablecoin activity being driven by crypto trading activity and demand for dollar exposure outside of the U.S.

Nonetheless, not everyone in the financial sector believes that the sector will boost the demand for US government bonds. Global Chief Economist at financial services firm UBS, Paul Donovan, shared a more skeptical approach with clients on Wednesday morning.

According to Fortune, Donovan noted that the Treasury Secretary is “reportedly getting excited that stablecoins might increase demand for short-dated U.S. Treasuries, helping finance the unsustainable U.S. fiscal position. However, stablecoins are more about redistributing money supply.”

“Someone selling Treasury bills to buy stablecoins, which invest the money in Treasury bills, does not change demand for U.S. debt instruments,” he concluded.

Bitcoin (BTC) trades at $114,184 in the one-week chart. Source: BTCUSDT on TradingView

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August 21, 2025 0 comments

GameFi Guides

Bullish Raises $1.15B IPO Funds in Stablecoins

by admin August 19, 2025

Bullish (NYSE: BLSH), a global digital asset platform backed by billionaire investor Peter Thiel, said it has arranged to receive $1.15 billion in proceeds from its recent initial public offering in stablecoins.

The company made its market debut on August 14, 2025, in one of the most closely watched offerings of the year.

Bullish has arranged to receive $1.15 billion of proceeds from its recently completed initial public offering in stablecoins, which represents a historic step for the use of stablecoins in an initial public offering in the United States.https://t.co/hh9i22RS9I

— Bullish (@Bullish) August 19, 2025

The IPO raised more than $1 billion, with demand over 20 times greater than the number of shares available. On the first day, Bullish’s stock price jumped by 84%, showing strong excitement from investors. However, by today’s pre-market, the share price has slipped by 2.16% to $62.00, signaling some early price swings.

The company said most of the stablecoins it received were created, or “minted,” on the Solana network. Jefferies, which acted as the billing and delivery agent for the IPO, managed the minting process, including the converting and also helped deliver the stabelcoins.

The agent also worked with issues and platforms across the U.S., Europe, and Asia to complete the settlement. Bullish said the majority of proceeds were settled in USDC, along with a portion in EURC, with both sets of tokens custodied exclusively by Coinbase.

Other stablecoins that Bullish received included USD CoinVertible and EUR CoinVertible issued by Societe Generale-FORGE, Global Dollar from Paxos, PayPal USD also from Paxos, USD1 from World Liberty Financial, Agora Dollar from Agora, and EURAU from AllUnity.

Ripple’s RLUSD joins Bullish IPO settlement mix

As part of the settlement, Bullish also received Ripple USD (RLUSD), a stablecoin issued on the XRP Ledger by Ripple. In a short tweet, it congratulated the company for the “successful IPO”

“This is the first public listing to bring the settlement process onchain and sets a precedent for how stablecoins can shape future listings.” Ripple posted.

Congrats to @Bullish on a successful IPO! 👏

A portion of the IPO proceeds were settled in $RLUSD, minted on the XRP Ledger. This is the first public listing to bring the settlement process onchain and sets a precedent for how stablecoins can shape future listings. https://t.co/AD4AkpPnLD

— Ripple (@Ripple) August 19, 2025

In a statement, David Bonanno, Chief Financial Officer of Bullish, said “We view stablecoins as one of the most transformative and widespread use cases for digital assets. Internally, we leverage them for rapid and secure global fund transfers, especially on the Solana network.”

He also added that the collaboration with stablecoin issuers and their listings on Bullish Exchange showed how the firm’s infrastructure supported their businesses.

Also Read: Bullish Stock Surges 200% on Launch, Driving Investor Interest

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August 19, 2025 0 comments

Crypto Trends

Bitcoin, Ethereum, XRP Flat as ‘Dry Powder’ Builds in Stablecoins

by admin August 19, 2025

In brief

Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history.
Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut.
While some analysts see the surge in stablecoins as cautionary funds waiting on the sidelines, others frame it as a “loaded spring” that could drive sharp rallies once macro catalysts emerge.

Bitcoin, Ethereum, and XRP maintained modest gains early Tuesday as high stablecoin reserves signal massive “dry powder” accumulation across crypto markets.

The $160 billion stablecoin supply represents a 20% surge since February, with $32 billion parked directly on exchanges. These are levels that historically preceded major rallies in BTC and ETH, according to a Monday report by CryptoQuant contributor XWIN Research Japan.

Bitcoin is trading at $115,521, gaining 0.5% in 24 hours, while Ethereum advanced 1.0% to $4,300.82 and XRP climbed 1.2% to $3.01, according to price aggregator CoinGecko.

Other altcoins posted similar gains, with Solana up 0.7%, Cardano gaining 2.7%, and Chainlink adding 0.3%, according to CoinGecko.

XWIN Research Japan pointed out three key metrics in their report, including record supply levels, $32 billion in exchange reserves “ready to be deployed,” and daily inflows showing “whales and institutions are preparing to deploy capital.”

The massive buildup reflects growing institutional adoption, with VanEck’s Juan Lopez previously telling Decrypt that on-ramp providers are “some of the hottest targets” for M&A as they become “full-fledged payments providers.”

However, not all analysts see immediate upside. Illia Otychenko, lead analyst at CEX.IO, told Decrypt that while stablecoin reserves show “plenty of liquidity on the sidelines,” it “doesn’t automatically mean a rally is imminent.”

Otychenko said exchange reserves are rising again as investors take “a more cautious, wait-and-see stance” instead of rushing to deploy capital.

“If sentiment shifts and some of the $32 billion on exchanges gets deployed, it could fuel the next leg up,” he said, but warned without macro easing, this “dry powder” may stay on the sideline.

The overall stablecoin market cap rose by nearly 1% in the last day to $288 billion, according to CoinGecko, a slight uptick amid broader crypto consolidation.

The analytics team at B2BINPAY offered a more bullish outlook, telling Decrypt that current conditions mirror historical patterns, with exchange balances typically rising “15-25% just weeks before BTC and ETH took off.”

They noted that daily deposits exceeding $1.2 billion show people “aren’t leaving crypto; they’re waiting to jump in.”

With traders assigning an 83% chance of a September Fed cut, analysts say “a friendly signal from the Fed could send those stablecoin piles into ETH and BTC first.”

The team said stablecoins are “a loaded spring” where “the next jump could be bigger and quicker than most expect,” while Bitfinex analysts told Decrypt markets remain “firmly in a consolidation phase” as investors weigh catalysts.

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August 19, 2025 0 comments

NFT Gaming

South Korea’s New Stablecoins Framework Coming In Q4

by admin August 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korea’s financial authority is expected to release the long-awaited regulatory framework next quarter, offering clear guidelines for the issuance and distribution of won-pegged stablecoins.

Stablecoin Guidelines By October

On Monday, local news media outlets reported that South Korea’s financial regulator, the Financial Services Commission (FSC), is expected to release a bill for a stablecoin pegged to the Korean won (KRW) within two months.

According to MoneyToday, a member of the Democratic Party of Korea (DPK), Park Min-kyu, confirmed that he had “recently received a report from the FSC on the direction of stablecoins,” affirming, “The government’s bill is expected to be submitted to the National Assembly around October.”

The bill is anticipated to be included in the second phase of the Virtual Asset User Protection Act. Notably, the FSC has been working to develop digital assets legislation and shift its regulatory approach for over a year, establishing the Virtual Asset Committee in November to prepare the next phase of its plan and finalize it by the second half of 2025.

The second phase of the Virtual Asset User Protection Act includes regulations on the distribution of digital assets and stablecoins, continuing its efforts to align with global standards. The FSC’s Vice Chairman Kim So-young previously stated that the Korean government was “speeding up efforts” to develop the Korean crypto market while protecting users.

Attention will be focused on the content of the rules, the report affirmed, as the FSC plans to unveil a regulatory framework outlining requirements for issuing won-pegged stablecoins, collateral management, and internal control systems, which have been a concern among both the crypto and banking industries.

The FSC’s Secretary-General warned in January that the regulator needed to address listing standards, how to deal with stablecoins, and how to create rules for the behavior of virtual asset exchanges.

Meanwhile, the banking sector has been studying two legalization scenarios, since it remains unclear whether non-bank entities will be allowed to be stablecoin issuers. Financial institutions have also been considering a business model in which banks establish a joint venture to issue stablecoins.

Stablecoins’ Momentum In South Korea

As the new media outlet noted, institutionalization of won-pegged stablecoins has gained significant attention after President Lee Jae-myung pledged it during his presidential campaign. The electoral promise, which also vowed to address the status of crypto-based exchange-traded funds (ETFs), followed the US’s regulatory shift under the Trump administration and its push for USD-pegged stablecoins, which currently lead the sector.

Previously, the chairman of the South Korea Stock Exchange, Jeong Eun-bo, urged authorities to institutionalize crypto in the country, noting that the Korean market needs to be revitalized to compete with other nations and prevent falling behind international markets.

Over the past two months, multiple bills related to the issuance and distribution of KRW-pegged stablecoins have been introduced in South Korea’s National Assembly. As reported by Bitcoinist, Korea’s ruling and opposition parties proposed rival bills in July to establish the highly anticipated regulatory framework for digital assets pegged to the Korean won.

Member of the Planning and Finance Committee from the Democratic Party, Ahn Do-gil, introduced the “Act on the Issuance and Distribution of Value-Stable Digital Assets,” while member of the Land, Infrastructure, and Transport Committee from the People Power Party (PPP), Kim Eun-hye, proposed the “Act on Payment Innovation Using Value-Fixed Digital Assets.”

Both bills share several similarities, including the assignment of stablecoin oversight to the Financial Services Commission (FSC). However, the two proposed legislation differ in the issue of interest payments, with the PPP’s bill allowing interest payments and the DPK’s bill completely banning interest payments to prevent market disruption.

Min Byung-deok, a member of the National Assembly’s Government Committee, also introduced the “Digital Assets Basic Act” in June, which proposes allowing the issuance of won-pegged stablecoins and establishing a Digital Asset Committee under the direct authority of the president.

Amid the global push for stablecoins, Korean individuals investing in overseas stocks have reportedly shifted from US big tech equities to crypto-linked stocks, with a focus on stablecoin-related companies throughout July, suggesting growing interest in the sector.

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August 19, 2025 0 comments

Crypto Trends

Japan Prepares to Approve First Yen-Backed Stablecoins This Fall

by admin August 18, 2025

Japan’s financial regulator is preparing to give the green light to the country’s first yen-backed stablecoin, a step that could open the door to wider use of digital money while also affecting demand for government debt.

The Financial Services Agency (FSA) is expected to approve the rollout of stablecoins pegged to the yen as early as this fall, according to a report by the Nihon Keizai Shimbun. The first issuer will be JPYC Inc., a Tokyo-based fintech that plans to register as a money transfer business within weeks.

JPYC’s token is designed to hold a fixed value of one yen. It will be backed by readily available assets such as money kept in banks and Japanese government bonds. Once applications are processed, both individuals and companies will be able to purchase the tokens via bank transfer and store them in digital wallets.

The move brings Japan in line with a global stablecoin market that has grown rapidly in recent years. Dollar-backed coins such as Tether’s USDT and Circle’s USDC dominate the $286 billion market, and they are already used in Japan. A yen-based stablecoin would be the country’s first homegrown alternative.

Industry figures say the implications could stretch beyond payments. In a post on social media platform X, Noriyuki Okabe, a representative of JPYC’s issuing company, argued that widespread use of yen-pegged stablecoins could increase demand for Japanese government bonds.

ステーブルコインは巨大な国債消化装置であり、
ステーブルコイン発行体のTetherやCircleは米国債の主要な買い手になっています。

日本でもこれからJPYCが日本国債を買いまくることになります。

ステーブルコイン発行が伸びない国の国債金利はこれからどんどん上がっていくでしょう。…

— 岡部典孝　JPYC代表取締役 (@noritaka_okabe) August 14, 2025

He pointed to the U.S., where leading stablecoin issuers have become major buyers of Treasurys to back their tokens. If JPYC follows the same path, it could emerge as a new source of demand for JGBs.

Okabe also suggested that countries slow to adopt stablecoins risk higher borrowing costs in the long term. Without this new channel of demand, he said, governments may have to rely more heavily on traditional investors to absorb public debt.

For Japan, the launch of JPYC would mark the first time the yen itself has been mirrored in tokenized form at scale. It would also deepen the intersection of digital assets and monetary policy at a moment when global finance is increasingly shaped by stablecoins.

Also Read: Citigroup Eyes Stablecoin, Crypto ETF Custody & Payment Push

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August 18, 2025 0 comments

NFT Gaming

ETH Led Altcoins in Driving Crypto Market Higher With Stablecoins, Tokenized Stocks in July: Binance Research

by admin August 17, 2025

The crypto market grew 13% in value in July, fueled by a rotation from bitcoin

into altcoins, according to Binance Research’s “Monthly Market Insights” report for August.

Ether (ETH) was the standout, rallying 48% as another 24 companies added the asset to their balance sheets, lifting corporate holdings by 128% to 2.7 million ETH. That’s nearly half the number held by ETFs. Binance attributed the trend to staking yield, ETH’s deflationary supply and growing comfort among companies to hold cryptocurrencies directly .

Bitcoin

dominance fell 5.2 percentage points to 60.6%, driven by expectations of Federal Reserve interest-rate cuts and U.S. regulatory clarity from the passage of three major crypto bills, including the GENIUS Act on fully reserved stablecoins .

Stablecoin transfer volumes held near $2.1 trillion, outpacing Visa again, as they have done since late 2024. JPMorgan expanded its deposit-token pilot, Citi explored tokenized deposits for cross-border settlements and Visa reaffirmed stablecoins as complementary to its network .

The report also highlights a 220% month-on-month jump in the market cap of widely traded tokenized stocks such as Tesla (TSLA). The company excluded Exodus Movement (EXOD) shares issued via Securitize from its calculations, saying they skewed the calculation.

Tokenization is the process of representing real-world assets (RWAs) such as stocks as digital equivalents that can be traded on blockchains. As of June this year, the RWA tokenization market reached $24 billion in value.

Active on-chain addresses for tokenized stocks soared to 90,000 from 1,600, while centralized exchanges facilitated over 70 times more volume than on-chain venues. Binance likened the growth of the sector to DeFi’s 2020-2021 boom and estimated that tokenizing just 1% of global equities could create a $1.3 trillion market.

NFT sales rebounded nearly 50% in July, led by a 393% jump in CryptoPunks transactions, while Bitcoin NFTs saw a 28% rise. Still, volumes remain below prior-cycle peaks.

The report suggests that if macroeconomic tailwinds hold, the capital rotation into altcoins, coupled with the regulatory green light for stablecoins and tokenized assets, could accelerate crypto’s integration into mainstream finance.

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August 17, 2025 0 comments

Crypto Trends

USD Stablecoins Could Flood Europe as US Legislation Forces EU’s Hand: Moody’s

by admin June 25, 2025

In brief

Against the protests of the European Central Bank, the EU is planning to soon allow foreign, dollar-backed stablecoins to easily enter European markets, according to a report out Wednesday.
The about-face is in large part thanks to the likely imminent passage of stablecoin legislation in the United States, a Moody’s analyst told Decrypt.
Other analysts have warned that if the EU does not embrace the emerging global crypto economy, it could soon become a “flyover zone” for digital assets activity.

Despite the protests of Europe’s top bank, the European Union is poised to soon greenlight the flow of stablecoins issued outside the bloc into the continent, per a new report. It’s a development that signifies a major coup for U.S. dollar-backed stablecoins, according to one of the world’s top credit rating agencies.

The European Commission, the executive arm of the EU, is set to soon issue formal guidance that stablecoins issued in other global jurisdictions should be considered interchangeable with same-branded versions designed specifically for European markets, according to a Wednesday report in the Financial Times.

In recent months, the European Central Bank and its president, Christine Lagarde, have adamantly pushed to restrict the ability of foreign stablecoins—and particularly, stablecoins backed by foreign currencies like the U.S. dollar—from playing too large a role in the European market. Under the EU’s newly implemented digital assets rules, stablecoin issuers operating in the bloc must keep most of their reserves for the currency in a European bank.

Now that may change. And Moody’s, one of the world’s top credit rating agencies, thinks the development is in large part thanks to pressure applied from the recent passage of stablecoin legislation in the United States.

“This is extremely interesting,” Cristiano Ventricelli, senior analyst at Moody’s, told Decrypt Wednesday. “Because it tells you that what happened in the U.S. is reverberating across the globe.”

Ventricelli contends that the recent passage of the GENIUS Act in the U.S. Senate—a bill that would establish a framework for issuing and trading stablecoins in the United States—has applied pressure on foreign markets to better integrate top stablecoins, even if those tokens are backed by non-Euro currencies and their reserves are held abroad.

That’s a major upending of the calculus that had previously dictated the EU digital assets markets, he asserted.

“The Euro stablecoin market has counted on the fact that USD stablecoins were limited in terms of the volume that you can transact in Europe,” Ventricelli said. “If the European Commission goes forward on this, [foreign issuers] will not be subject to the limits that were previously set up to prevent USD stablecoins from flooding the European market.”

In recent weeks, finance leaders have warned that the EU’s stringent restrictions on crypto issuers—which were designed, the European Central Bank has said, to mitigate the risk of bank runs and other calamities—would risk turning the continent into a “flyover zone” between more vibrant digital asset economies in the United States and Asia.

Should the EU amend its stablecoin rules, the development could signal a desire, on the bloc’s part, to not fall behind as other major players race forward in passing crypto regulatory frameworks and establishing an integrated, global crypto economy.

In the United States, the GENIUS Act has not yet become law. It must still pass a vote in the House, where Republican leadership is currently squabbling over how best to proceed with other key crypto legislation, before heading to President Donald Trump’s desk for signature.

If the U.S. does ultimately pass a stablecoin bill, Ventricelli said, the impact on other jurisdictions around the world, beyond the EU, could be substantial.

“The passage of a stablecoin bill will push everyone else to plan accordingly,” he said. “That could have a lot of implications in terms of new stablecoin frameworks coming out in Asia, the Middle East, the UK, all those jurisdictions where we don’t necessarily have [laws] in place.”

Edited by Andrew Hayward

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June 25, 2025 0 comments

NFT Gaming

Peter Schiff Says He ‘Gets Bitcoin’ But Not USD-Pegged Stablecoins, Floats Gold-Backed Token Plan

by admin June 21, 2025

Peter Schiff, vocal proponent of gold and a longtime critic of cryptocurrencies and bitcoin

, said he intends to launch his own gold-backed token while taking a dig at the value of U.S. dollar-pegged stablecoins.

“I get bitcoin, but not U.S. dollar stablecoins,” Schiff posted Friday on X. “If you’re going to introduce a third-party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold?”

In a reply to a user who encouraged him to launch a gold-backed stablecoin, Schiff confirmed: “They already exist. But I do intent [sic] to launch my own.”

His remarks come as the U.S. Senate passed the so-called GENIUS Act to regulate the rapidly growing stablecoin sector, a type of digital currency with prices anchored to an external asset such as fiat currencies. The stablecoin market mushroomed to over $260 billion, with Citi forecasting that it could become a $3.7 trillion asset class by the end of the decade.

These tokens have become a key piece of trading infrastructure and are increasingly popular for cross-border payments and remittances. The market is dominated by U.S. dollar-backed tokens like Tether’s USDT and Circle’s USDC.

Gold-backed tokens, meanwhile, make up a niche but growing segment with a market size of around $2 billion. Contrary to fiat-backed stablecoins, gold tokens are mostly used as a store of value, like their physical version, but on blockchain rails. However, there are ongoing efforts to bring more utility for gold tokens in decentralized finance applications, for example using as collateral for loans.

Read more: Stablecoin Protocol USDT0 Aims to Bring Tokenized Gold Closer to DeFi

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June 21, 2025 0 comments

Crypto Trends

Trumps May Have Sold WLFI (USD1) Stake as U.S. Stablecoins See Wave of Good News

by admin June 21, 2025

Stablecoins are enjoying a moment in U.S. policy circles as the Senate just passed a regulation bill with major bipartisan numbers. As that moment approached, President Donald Trump and his family apparently offloaded about 20% of their stake in the parent company controlling World Liberty Financial, a crypto business that includes its own stablecoin.

DT Marks DEFI LLC is a company that now owns about 40% of the holding company over WLFI, down from an earlier 60%, according to the legal disclosures at the bottom of the platform’s website. DT Marks DEFI is “an entity affiliated with Donald J. Trump and certain of his family members,” it says.

Trump’s crypto dealings are extensive and have reportedly directly gained him tens of millions of dollars, at least, but they’ve also taken a starring role in the debate over digital assets regulation in the U.S. The stablecoin bill that is now in the hands of the House of Representatives was temporarily stalled in the Senate as Democrats made noise about Trump’s own stablecoin operation.

Despite corruption complaints from lawmakers such as Senators Elizabeth Warren, Richard Blumenthal and Chris Murphy, and arguments that it’s inappropriate for the president to be taking a hand in the regulation of his own business, the advancement of the bill potentially leaves World Liberty Financial’s USD1 stablecoin approaching steadier footing, assuming the company is prepared to comply with rigorous reserve and oversight demands.

While Trump’s political allies and his administration claim his business ties are transparent, the family’s crypto dealings remain murky, without full disclosures of the business stakes of individual members, including the president. It is still unclear what the family’s specific ownership or management involvement may be with World Liberty Financial.

Representatives from WLFI and Trump’s business interests didn’t immediately respond to requests for comment from CoinDesk.

And his growing ties to crypto don’t end there. Trump drew the bulk of recent criticism for his hosting of a private dinner for the leading investors in his personal memecoin, many of whom were foreign nationals and went unidentified to the public. The one-time crypto skeptic has sold multiple rounds of non-fungible tokens (NFTs); his media company announced this year it was raising $2.5 billion to build a bitcoin treasury; and son Eric has been helping run a new bitcoin mining venture. There are few corners of the industry the president doesn’t have close connections to.

Read More: Trump’s Empire Pulled In $57M From Family-Linked Crypto Firm Last Year, Filing Shows

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June 21, 2025 0 comments