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Promoted via Magic Eden and tied to GetTrumpMemes.com, the wallet marketed itself as the “official” destination for the meme token. But Donald Trump Jr. quickly denied any connection, calling the project unauthorized and unrelated to the Trump Organization.
Trump Jr. reaffirmed that his family’s crypto efforts are focused on a different path—developing USD1, a stablecoin backed by U.S. Treasuries through World Liberty Financial. He explained that the move into digital assets followed years of being locked out of the traditional banking system due to political affiliations, describing the crypto pivot as a necessity, not a gimmick.
The $TRUMP token, while initially surging to a $15 billion market cap, has seen most of its value evaporate. Despite that, its transaction model continues to generate significant revenue—over $300 million in fees between January and April alone.
Critics argue that the Trump family’s growing crypto involvement poses potential conflicts of interest. But Trump Jr. defends the anonymity of blockchain as a safeguard, even as major investors like Justin Sun increase their exposure to Trump-linked tokens—bringing his total crypto investment in Trump-affiliated projects close to $100 million.
As political figures and crypto markets collide, the Trump family appears to be positioning its stablecoin initiative as a long-term play, distancing itself from the noise surrounding meme coins.
The post Trump Family Rejects Meme Wallet Ties, Focuses on Stablecoin Push appeared first on Coindoo.
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