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“USD1 is the money in our system, WLFI is the voice. Anyone who owns a WLFI token can propose and vote.”Zach Witkoff
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“I’ve never seen a community for a stablecoin with culture. It really is almost like a stablecoin with the following of a meme coin.” Donald Trump Jr.
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“Yes, we are rolling out a debit card. The pilot program begins next quarter. It will bridge crypto assets with everyday spending.” Zach Witkoff
At Token2049 in Singapore, one of the most awaited sessions highlighted Donald Trump Jr., Zach Witkoff (co-founder of World Liberty Financial), and David Wachsman. The conversation extended well beyond the typical stablecoin dialogue it encompassed a mix of business proposal, cultural expression, and a blueprint for a tokenized financial future.
USD1: A stablecoin with culture
The panel commenced with USD1, a stablecoin from World Liberty Financial that is linked one-to-one with U.S. Treasuries. Witkoff clarified:
“USD1 is a one-to-one stablecoin with U.S. Treasuries. It’s what retail, corporations, and enterprises use as a means of payment, savings, and settlement.”
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For Trump Jr., the appeal is transparency:
“Consumers, institutions, even governments can trust USD1 because they know exactly what’s backing it.”
However, what sets USD1 apart is its community. In contrast to the majority of stablecoins, USD1 has attracted attention akin to that of a meme coin.
“I’ve never seen a community for a stablecoin with culture,” Trump Jr. remarked. “It really is almost like a stablecoin with the following of a meme coin.”
WLFI: Giving the community a voice
If USD1 represents currency, then WLFI signifies leadership. Witkoff explained it plainly:
“You can think of USD1 as the money in our system, and WLFI as the voice. Anyone who owns even one WLFI token can make a governance proposal.”
A recent decision redirected all WLFI sales fees to support token buybacks and burns.
“That’s a perfect example of the community shaping our platform,” Witkoff added. “This is how corporations of the future should work participatory and democratic.”
Tokenization: Beyond crypto
The speakers highlighted that their aspirations extend past cryptocurrency trading. Trump Jr. highlighted problems such as title insurance inefficiencies.
“Why wouldn’t title insurance be on the blockchain? In New York, you pay a point just because the state mandates it. Billions are wasted on inefficiencies.”
Witkoff expanded the vision:
“Commodities like oil, gas, timber they should all be traded on-chain, paired with a transparent stablecoin like USD1.”
Partnerships, utility, and politics
Witkoff emphasized that collaborations have been vital:
“We don’t want to vertically integrate and control everything. We’re chain-agnostic, exchange-agnostic, and open to anyone who wants to work with us.”
He additionally disclosed a significant update:
“Yes, we are rolling out a debit card. The pilot program begins next quarter. It will bridge crypto assets with everyday spending.”
Trump Jr. introduced politics into the situation:
“We think President Trump is the greatest president to ever exist. He saved the crypto industry from people who wanted to ruin it.”
In the media, he was straightforward:
“My overall experience with the media has been a disaster. If you want the truth, don’t read The New York Times follow us directly.”
Closing vision
The panel ended with Witkoff’s global outlook:
“We call it World Liberty because it’s about liberty, but also about the world. From inflation-struck economies to Fortune 500 companies, we want USD1 to be the stable foundation for a tokenized future.”
