Coinbase Lists Trump-Backed USD1 Stablecoin After $2.4B Mint

Coinbase has officially listed USD1, an Ethereum-based stablecoin developed by World Liberty Financial, a project backed by President Donald Trump and his sons. The stablecoin, which is pegged one-to-one with the U.S. dollar, has quickly gained traction since its April 2025 launch, reaching a market capitalization of over $2.3 billion, and now trades alongside USDC and USDT on Coinbase. The listing follows a large minting event of USD1 tokens by World Liberty Financial, ensuring ample supply for new customers, and reflects President Trump's policy vision of stablecoins enhancing global dollar dominance amid the recent passage of the GENIUS Act. This new legislation, passed by the U.S. House of Representatives, provides a federal regulatory framework for stablecoins, requiring issuers to back tokens with one-to-one reserves, disclose reserve compositions, comply with anti-money laundering rules, and prohibits misleading claims about government backing. Coinbase emphasized the importance of using the Ethereum network for USD1 transactions and noted regulatory limitations in certain jurisdictions, highlighting ongoing challenges in stablecoin adoption. Overall, the USD1 listing on Coinbase signifies both a milestone for the exchange's stablecoin ecosystem and a growing intersection of crypto innovation with federal policy under President Trump's administration.