How Zach Witkoff built a global crypto empire in months
While Steve Witkoff has been jetting around the world as President Trump's envoy, his son Zach has been on a similar international mission of his own: promote the cryptocurrency venture he shares with the Trump family.
Zach Witkoff, 32, and associates from World Liberty Financial (WLF), a company he co-founded last year in which the Trump family hold a 60 per cent stake, have been in talks with officials from the United Arab Emirates, Pakistan, Malaysia and Kyrgyzstan over deals involving its stablecoin, USD1.
In a few months this has become the world's fifth-largest stablecoin — a virtual currency pegged to a stable asset, in this case the US dollar — with a market capitalisation of $2.2 billion, paying commission to Witkoff and the Trumps every time it changes hands.
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