"The Game of Power" against PayPal and six months into the top five

By Jae, PaNews

More recently, US President Trump and WLFI joined Eric Trump to say that USD1 is larger than PayPal’s stabilization currency PYUSD. For about half a year or so, the value of the USD1 was as high as $4.9 billion, at a staggering rate of growth in the top five stable currency tracks。

The rapid rise of SD1 is not a mere commercial victory. USD1 is issued not by traditional banks or financial technology giants, but by World Liberty Financial (WLFI) in relation to the current United States President ' s Tromp family. A coded finance & ldquo; & rdquo; emerging from the surface, supported by the politics of Trump。

AND IN THE HISTORY OF ENCRYPTION, THERE HAVE NEVER BEEN PROJECTS LIKE WLFI AND ITS ISSUING USD1, WHICH SO DEEPLY INTERWOVEN FAMILY INTERESTS, POLITICAL POWER AND DIGITAL FINANCE。

From radical subsidies to the penetration of the scene, we'll start a mobile lightning war with coins

IN THE CORNER OF THE STABILIZATION TRACK, MOBILITY IS THE LIFELINE. IT IS NO ACCIDENT THAT THE MARKET VALUE OF THE USD1 HAS GROWN RAPIDLY AND IS INVERSELY ABOVE PYUSD。

On the one hand, the WLFI joint head exchange has opened a “ the liquid lightning war ” through the latter, the latter-led “ the USD1 Booster” and plans to inject liquidity into USD1。

this is a typical set of &ldquao; high-income subsidy + full-scale penetration &rdquao; combined boxing。THROUGH HIGH-INCOME SUBSIDIES AND PLATFORM-WIDE ACCOUNT INCENTIVES, COINS PROVIDE SUFFICIENT LIQUIDITY DEPTH FOR USD1。

The USD1 cold start-up strategy uses the classic &ldquao of the DeFi market; the mobile mining &rdquao model; but its size and coverage are magnified geometrically with the addition of currency。

First issue of the currency Antán & ldquo; USD1 Booster & rdquo; planned annualized rate of return of up to 20 per cent, considered by the market as a “ manual subsidy ” as a means of obtaining customers. Against the background of macroeconomic interest rate fluctuations, this level of return, far above traditional finance, rapidly attracts a large number of outlet entries。

HOWEVER, THIS SUPER-HIGH GAIN DOES NOT STEM FROM THE SUSTAINABLE PROFITABILITY OF THE AGREEMENT ITSELF, BUT IS BORNE BY A FIXED AWARD POOL PROVIDED BY WLFI, DESIGNED TO ABSORB LARGE AMOUNTS OF MONEY IN A SHORT PERIOD OF TIME。

By the end of the first phase, it was followed by the launch of the second phase, “ USD1 Booster” the plan, however, was lowered to 8 per cent and 4 per cent of the ladder。This adjustment also reflects a strategic shift in USD1 from &ldquao; expansion &rdquao; to &ldquao; retention &rdquao。

For different user images, “ USD1 Booster” planned to design a stairway interest rate structure to maximize USD1 user coverage and achieve its retention objective。

TO FURTHER ENHANCE THE PRACTICAL UTILITY OF THE USD1, IT ALSO INTRODUCED A $40 MILLION WLFI TOKEN INCENTIVE。

the innovation of this activity is its “ full account coverage ” characteristics。ALL USERS NEED TO HOLD USD1 IN SPOT ACCOUNTS, FUNDS ACCOUNTS, LEVERAGE ACCOUNTS, AND EVEN FUTURES ACCOUNTS, SO THEY CAN SPLIT $10 MILLION IN CURRENCY DROPS PER WEEKUSD1 IS EMBEDDED IN EVERY CONTACT LINK OF THE USER。

At the same time, it introduced “ incentives & rdquo; and mechanisms to encourage users to use USD1 in the context of leverage trading。

HOWEVER, IT IS ESTIMATED THAT THE ANNUALIZED RATE OF RETURN FOR THIS ACTIVITY IS EXPECTED TO BE BETWEEN 10 AND 15 PER CENT, WITH A CURRENT PERIOD OF ACTIVITY OF ONLY ONE MONTH, RESULTING IN A REAL RATE OF RETURN OF LESS THAN 2 PER CENT, AND THAT INVESTORS NEED TO CONSIDER EXCHANGE WEAR AND TEAR AND WLFI CURRENCY PRICE FLUCTUATIONS IN COMBINATION。

With the strong support of the United States dollar, the market value of the USD1 grew by about $2 billion, and the ring scale increased by more than 40 per cent. The USD1 as a Trump family project &ldquao; the pole product &rdquao; has also brought a high-quality asset with strong political endorsement to the coin。

Networking, from the Bank of Pakistan to the Bank of the United States

THE EXPANSION OF THE SOVEREIGN CREDIT MARKET IS MORE IMPRESSIVE THAN THE PROGRESS OF THE USD1 IN THE ENCRYPTION INDUSTRY。

On 14 January, the Central Bank of Pakistan signed a memorandum of understanding with the World Bank association SC Financial Technologies to explore the use of USD1 for cross-border payments and remittances。

AS A LEADING GLOBAL EXPORTER OF LABOUR, PAKISTAN HAS AN ANNUAL INFLOW OF OVER $36 BILLION IN REMITTANCES FROM ABROAD AND APPROXIMATELY 40 MILLION USERS OF ENCRYPTED CURRENCY. HOWEVER, TRADITIONAL REMITTANCE CHANNELS SUCH AS SWIFT ARE NOT ONLY INEFFICIENT BUT ALSO COSTLY。

UNSD1 OFFERS NEAR-IMMEDIATE, LOW-COST ALTERNATIVES。THE PAKISTAN VIRTUAL ASSETS AUTHORITY AND THE CENTRAL BANK PLAN TO INTEGRATE USD1 INTO THE REGULATED DIGITAL PAYMENT FRAMEWORK, WHICH WILL OPERATE IN PARALLEL WITH PAKISTAN ' S OWN CENTRAL BANK DIGITAL CURRENCY PILOT PROJECT。

By working with sovereign States, the USD1 tries to move itself from “ another stable currency ” upgrade to “ state-level payment infrastructure ” and its ambitions are self-evident。

For the Government of Pakistan, embracing USD1 not only optimized the financial infrastructure, but also handed over a geo-diplomatic card to the new United States government; for the Trump family, it was the USD1-to-ldquo; the sovereign-grade credit instrument ” a key step, but it was no longer business opening up markets, but political influence and the penetration of national capital。

This collaboration was facilitated by WLFI, Zach Witkoff, son of Steve Witkoff, United States Special Envoy to Pakistan。

This “ the political spill ” the effect is obvious. The positioning of the USD1 is no longer a mere commercial product or an extension of United States foreign policy。

USD1 IS BECOMING THE CORE COMPONENT OF DOLLAR HEGEMONY IN DIGITAL FINANCE。By first establishing payment criteria for Pakistan as a strategic outpost, and then placing USD1 deep-seated payments with emerging market countries, WLFI is essentially implementing a “ digital dollar hegemony & rdquo; and a strategy that seeks to ensure that, in the face of the challenge of de-dollarization, the dollar can still maintain its global reserve position through digital finance。

This “ the ” the contours are also gradually emerging. WLFI associated entities have applied to the U.S. Monetary Supervisory Authority (OCC) for a licence to establish a National Trust Bank. Although OCC indicated that it would follow the procedure of rigorous review, the current Commissioner, who is a Republican, was nominated by Trump and was a member of the Trump administration。

IF SUCCESSFUL, THE USD1 WOULD LEAPFROG FROM A CONTROVERSIAL PRIVATE PROJECT TO A FORMAL BANKING INSTITUTION UNDER FEDERAL SUPERVISION. AT THAT TIME, THE TRUMP FAMILY WOULD COMPLETELY BLUR THE LINE BETWEEN PRIVATE FINANCE, POLITICAL POWER AND THE WILL OF THE STATE, SETTING AN UNPRECEDENTED PRECEDENT。

The supervisory amnesty was contested by a vote of 75 per cent net share of the Trump family

THE RAPID RISE OF THE USD1 IS DEPENDENT ON A COMPLEX AND CLANDESTINE NETWORK OF INTERESTS, WITH THE CORE PARTICIPANTS BEING MOSTLY ENCRYPTION GIANTS WHO WERE IN THE EYE OF THE STORM。

The regulatory strategy of the United States Securities and Exchange Commission (SEC) has changed dramatically since Trump returned to power. Since 2025, SEC has dropped a number of lawsuits against giants in the trades of Cheonan, Coinbase and Kraken。

• MONEY: IN MARCH 2025, THE ABU DHABI INVESTMENT AGENCY, MGX, INVESTED $2 BILLION IN MONEY THROUGH USD1. TWO MONTHS LATER, THE SEC ANNOUNCED THAT IT HAD EXERCISED ITS DISCRETION AND DISMISSED SOME OF THE CHARGES AGAINST BIAN。
• Sun-woo Morning: Sun-woo will spend at least $75 million to buy WLFI coins and act as a consultant. Subsequently, the SEC ' s investigation into the fraud of its company entered “ stalled ” and sought reconciliation。

a series of &ldquo in the time line; coincidence ” has given rise to extensive market questions about “ fee participation &rdquo。THE ENCRYPTION GIANTS OFFERED REGULATORY TOLERANCE BY SUPPORTING THE TRAMP FAMILY PROJECT. ACCORDING TO AN OFFICIAL SEC DOCUMENT, THE TRUMP FAMILY CAN EARN APPROXIMATELY $80 MILLION PER YEAR ONLY THROUGH USD1 RESERVE MANAGEMENT FEES AND VARIOUS WITHDRAWALS。

THE WLFI TERMS OF REFERENCE SHOW THAT ASSOCIATED ENTITIES OF THE TRUMP FAMILY HOLD UP TO 75 PER CENT OF THE NET SHARE OF PROCEEDS FROM THE SALE AND STABILIZATION OF COINS。THIS MEANS THAT THE HIGHER THE MARKET SHARE OF THE USD1 AND THE GREATER THE MOBILITY, THE FASTER THE WEALTH GROWTH OF THE TRUMP FAMILY。

The complex exchange of benefits behind the USD1 has also placed it in a special & ldquo; regulatory vacuum & rdquo; in. It benefits from the compliance dividend of the Genius Act and makes routine audit and transparency requirements pale due to its special political endorsement。

Insufficient transparency in reserve management or risk of political liquidation

WHILE THE USD1 HAS ACHIEVED SIGNIFICANT MILESTONES ON THE BOOKS, ITS UNDERLYING VULNERABILITIES AND POTENTIAL POLITICAL RISKS CANNOT BE IGNORED。

The USD1 claims to be held in trust by Bitgo Trust, and the base reserve consists of 100 per cent of United States dollar cash, United States short-term Treasury debt and assets such as the Monetary Market Fund, which are supported by 100 per cent and managed by Fouda investments。

However, when compared to the forensic reports issued by the Circe (USDC) on time on a monthly basis, there was a delay in the presentation of the USD1 report and a lack of endorsement from four leading accounting firms worldwide。

IN ADDITION, THE LIQUIDITY OF THE USD1 IS EXCESSIVELY CONCENTRATED。IN THE DISTRIBUTION OF ADDRESSES, A SINGLE ENTITY OF COINS BRINGS TOGETHER NEARLY 80 PER CENT OF ITS LIQUIDITY. THIS HIGHLY CENTRAL MOBILITY STRUCTURE CASTS DOUBT ON THE VIABILITY OF THE USD1 UNDER STRESS TESTS. FOR EXAMPLE, WHEN MONETARY SUBSIDIES END AND USD1 INCENTIVES FALL TO REAL INTEREST RATES, THEIR FAILURE TO PROVIDE ADDITIONAL CHAIN EFFECTS IS LIKELY TO LEAD TO LARGE-SCALE FINANCIAL FLIGHT。

DWF Labs, on the other hand, injected about $300 million in secret funds into USD1 through anonymous wallets; box operation ” and raised market questions about the authenticity of USD1 linkages。

The risks on the political front are even more worrying than the financial challenges。

IF THE ANCHOR OF MOST OF THE STABLE CURRENCIES IN THE MARKET IS BASED ON MARKET CONFIDENCE, THE CONFIDENCE OF THE USD1 DEPENDS LARGELY ON THE POLITICAL INFLUENCE OF TRUMP。IN THE EVENT OF A DRAMATIC CHANGE IN THE POLITICAL ENVIRONMENT, OR A COLLAPSE IN THE PRICE OF THE WLFI TOKEN, OR A RUN-OFF OF USD1。

FURTHERMORE, WHEN THE WHITE HOUSE CHANGES, THE USD1 MAY FACE HARSH AUDITING AND COMPLIANCE ACCOUNTABILITY FOR ITS INTEREST IN THE FAMILY OF THE FORMER PRESIDENT。

The stability of the Trump family is essentially designed to take advantage of the enormous flow of political status and the power dividend to complete a concession in the encryption industry。

THE USD1 NARRATIVE IS ALSO SHAPING A NEW LOGIC: IN THE DIGITAL FINANCE AGE, CODES ARE NOT JUST LAWS, BUT POLITICS CAN ALSO BE PART OF CODES。

While the USDT continues to maintain its immense power of liquidity in the global currency stabilization landscape, and USDC continues to maintain its compliance high ground, the USD1 has opened a &ldquao; power-driven & rdquao; and a new track。