Digital Currency Linked to Trump Family Rebounds After Brief Security Incident

A cryptocurrency backed by the Trump family experienced a temporary price drop on Monday following what officials called a coordinated security breach. The USD1 stablecoin fell slightly below its target $1 value but recovered quickly, with company officials saying all funds remained secure.

A digital currency associated with the Trump family experienced a temporary decline in value Monday after what company officials described as a security incident targeting their platform.

The cryptocurrency known as USD1, which is designed to maintain a steady $1 value, dropped to approximately $0.994 before bouncing back to normal trading levels. The currency serves as a key offering from World Liberty Financial, a company established in 2024 with backing from President Donald Trump and his three sons.

Representatives from World Liberty Financial told reporters that their technical and security staff had “successfully repelled a coordinated attack.” The company clarified that unauthorized individuals had gained access to social media accounts belonging to some co-founders, though they did not specify which accounts were compromised.

In a social media statement, the organization emphasized that the underlying technology and digital wallets supporting both World Liberty Financial and USD1 remained untouched by hackers.

“Zero smart contracts were affected. All USD1 funds remain completely safe, secure, and fully backed. Our infrastructure and team operated exactly as designed,” the company stated in their public response.

USD1 operates similarly to other stable digital currencies, maintaining reserves of U.S. dollars and equivalent securities to keep its market value near the $1 target. While minor fluctuations are typical, sudden drops in value draw significant attention from investors and industry observers.

Current trading data shows USD1 at $0.9994, which falls within its normal price range. According to CoinGecko.com, a cryptocurrency tracking service, USD1 ranks as the fifth-largest stable digital currency by total market value.