Trump Cuts Crypto Stake as World Liberty Financial Nears $2B Valuation

Donald Trump’s family has quietly pared its stake in World Liberty Financial (WLF) even as the venture’s stablecoin hits the $2 billion mark.

According to website filings reviewed by Forbes, DT Marks DEFI LLC – the Trump family’s holding company – trimmed its WLF ownership from roughly 75% in late 2024 to about 40% in mid-June 2025.

This equity reduction, which was spotted only on the company’s site, coincides with WLF’s new USD1 stablecoin vaulting to about $2.1 billion in circulation.

Trump Family Trims World Liberty Stake

In filings first reported June 19 by Forbes, DT Marks DEFI LLC reduced its WLF stake in stages. Early disclosures showed a 75% share at World Liberty’s launch (September 2024), falling to 60% by January 2025, and roughly 40% after June 8.

No public announcement accompanied the cuts – the only sign was an updated ownership line on WLF’s website. Forbes analysts estimate the sale of that 20% slice could have yielded on the order of $190 million in proceeds, implying about $135 million to Donald Trump personally if the company were valued like Circle.

Trump disclosed earning $57.4 million from WLF-related tokens and products in the year through Dec. 2024. Donald Trump is able to collect income from his business ventures while serving in office through the Donald J. Trump Revocable Trust—the same vehicle he relied on during his first presidency.

He remains the trust’s sole donor and beneficiary, with Donald Trump Jr. listed as trustee, according to Securities and Exchange Commission filings. As president, Trump has pledged to turn the U.S. into the “crypto capital of the world,” a policy goal that mirrors his expanding personal interests in digital assets.

USD1 Stablecoin Growth

World Liberty Financial’s dollar-backed stablecoin, USD1, has exploded in size since its March 2025 launch. World Liberty Financial co-founder Zach Witkoff said in May that USD1 will be used by Abu Dhabi-based MGX to close a $2 billion investment in crypto exchange Binance.

The coin is issued on Binance’s blockchain and was backed by U.S. Treasuries and cash when launched. By late April, USD1’s circulating supply reached about $2.1 billion, making it one of crypto’s fastest-growing stablecoins. This surge gave WLF new clout in crypto markets even as it drew fresh regulatory attention.

World Liberty has raised roughly $550 million through two token sales so far. The project’s public token (WLFI) and stablecoin together have won comparisons to major crypto platforms: on June 5 some observers informally likened WLF’s market footprint to that of Circle upon its stock debut.

If that analogy held, the mid-June share sale would have valued World Liberty Financial at well over a billion dollars. Forbes’ review suggests the stake sale could net $190 million, or about $135 million to Trump and associates under a Circle-like valuation.

Notably, the Trump family reportedly holds 22.5 billion WLFI tokens of the project, and the president’s disclosed income came from selling non-transferable WLFI tokens and USD1 stablecoins.

Crypto Regulatory Spotlight

These business moves come amid heightened political scrutiny. U.S. lawmakers have raised conflict-of-interest questions about the Trump-linked crypto venture.

In early May, Senator Elizabeth Warren denounced the MGX stablecoin deal as “corruption,”noting a foreign fund using Trump’s stablecoin for a $2 billion deal.

Meanwhile, Congress itself has advanced stablecoin rules: the Senate passed the bipartisan GENIUS Act in June, and President Trump publicly urged the House to approve it “ASAP”.

The Trump administration has nonetheless continued to push digital-asset policy, and the WLF stablecoin launch was timed just before Congress took up the new regulations.

No officials from the Trump Organization or World Liberty Financial have publicly commented on the share change. But the timing – cutting equity while the asset’s market value balloons – has fed debate.

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