Crypto Market Update: World Liberty Gains Coinbase Approval with Stablecoin Listing
August 22, 2025 — In a significant development within the cryptocurrency sector, World Liberty Financial’s stablecoin, USD1, has received approval for listing on Coinbase Global (NASDAQ: COIN). This move broadens the array of stablecoins available to US users on the popular exchange, alongside major players like USDT, USDC, PYUSD, and DAI.
Stablecoin Listing and Political Connections
USD1 is a stablecoin launched earlier this year by World Liberty Financial, a crypto project closely associated with former US President Donald Trump and his family. The firm revealed plans to build a decentralized finance (DeFi) platform on Ethereum, utilizing Aave technology that will eventually support lending and borrowing services, though the platform itself is not yet live. Eric Trump, the former president’s son, shared the news on X (formerly Twitter), hinting at upcoming project developments.
The listing coincides with growing momentum in the US stablecoin industry following the enactment of the GENIUS Act, which establishes federal standards for stablecoin issuance and trading across the country. However, World Liberty’s political ties and reported connections—such as a multibillion-dollar investment from an Abu Dhabi sovereign wealth fund into Binance linked to USD1—have stirred controversy among industry observers.
Cryptocurrency Price Movements Following Federal Reserve Commentary
Market sentiment received a boost after recent remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, suggesting the Fed may cut interest rates in September. Bitcoin (BTC) surged approximately 3.9% to trade near $116,546, climbing from a daily low of around $112,019. Ether (ETH) experienced even stronger gains, exceeding a 14% increase to reach $4,843.61, breaking above the resistance of $4,600. Analysts noted the formation of a bullish technical pattern in ETH’s price, indicating potential targets near $6,000. Powell described the labor market as maintaining a “curious balance,” with both supply shortages and employment risks, while acknowledging that the inflationary impact of tariffs is likely transient. The Federal Reserve also updated its monetary policy stance to display greater flexibility, signaling that low unemployment alone will not automatically trigger rate hikes. The CME Group’s Fedwatch tool now assigns an over 83% probability of an interest rate cut at the Federal Open Market Committee (FOMC) meeting scheduled for September 17. ### Altcoin Market Highlights
Other prominent altcoins also rallied on the back of positive market momentum:
- Solana (SOL) climbed 10.5% to $199.01.
- XRP increased 7.9% to $3.09.
- Sui (SUI) rose 9.5% to $3.74.
- Cardano (ADA) reached $0.9334, up 9.5%.
Regulatory and Industry Developments
US House Proposes Ban on Federal Reserve CBDC
In a notable regulatory move, the US House of Representatives has incorporated a provision into the National Defense Authorization Act for Fiscal Year 2026 (HR 3838) that would prohibit the Federal Reserve from researching, developing, or issuing a central bank digital currency (CBDC). This provision builds on the narrow passage of the Anti-CBDC Surveillance State Act earlier this summer, reflecting ongoing legislative resistance to a potential Fed-issued digital dollar.
CFTC Seeks Public Input on Spot Crypto Trading Regulations
Caroline D. Pham, acting chairperson of the Commodity Futures Trading Commission (CFTC), has invited public commentary on regulating spot cryptocurrency trading. Feedback is requested by October 20 to help shape regulatory frameworks for leveraged and margined retail trading on registered exchanges. This effort is part of the CFTC’s “crypto sprint,” aimed at expediting policy development for digital asset markets.
Ripple and SBI to Launch RLUSD Stablecoin in Japan
Ripple and SBI Holdings announced plans to introduce Ripple USD (RLUSD) in Japan by early 2026 under the nation’s new stablecoin regulatory rules. Managed by SBI VCTrade, RLUSD is backed by US dollar deposits, short-term U.S. Treasury securities, and cash equivalents, with monthly audits ensuring transparency. This partnership represents a strategic step toward greater institutional adoption of stablecoins in Japan’s regulated financial ecosystem.
European Central Bank Explores Public Blockchains for Digital Euro
Reports indicate the European Central Bank (ECB) is intensifying efforts to develop its digital euro, now seriously considering the use of major public blockchain networks such as Ethereum and Solana. While a private blockchain solution was initially preferred, the passage of the GENIUS Act in the US has amplified concerns about maintaining competitiveness, prompting the ECB to explore broader technological options.
Binance Faces Regulatory Pressure in Australia
Australia’s financial intelligence agency AUSTRAC has ordered Binance to appoint an external auditor due to deficiencies in anti-money laundering and counter-terrorism financing controls, including inadequate oversight and high staff turnover. This directive adds to Binance’s ongoing global regulatory challenges, which include a multibillion-dollar fine in the United States and legal proceedings in Nigeria.
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Disclaimer: The author holds no direct investment interest in any companies mentioned.