No. $TRUMP is not a stablecoin.
It is an official meme coin launched on the Solana blockchain in January 2025. Like most meme coins, its price is determined by market trading and can fluctuate dramatically. It has traded from an all-time high above $70 to much lower levels, illustrating that it is highly volatile rather than stable.
The stablecoin associated with the Trump family’s crypto venture World Liberty Financial is called USD1. USD1 is designed to maintain a value of approximately $1.00 by being backed by reserves such as cash and short-term U.S. Treasury securities.
In short:
$TRUMP = meme coin (price is volatile).
USD1 = stablecoin (intended to stay near $1).
[[USD1 = stablecoin (intended to stay near $1).]]
Hasnt stablecoin wildly risen in price though? Or am i thinkin of something different? doesn’t seem like much of an investment if it stays near $1? What is the one everyone made a fortune with?
And surely if crypto reverses course and these coins are worth more than what people paid for them in six months the NYSlimes will write an article about the reverse of fortunes- won’t they?