← Corruption & Self-Enrichment · The Record
TIER A Crypto & Financial Ventures
Documented incident

Stablecoin Holdco: ~$197M to DT Marks SC, about 70% traced to Trump's trust, a second stablecoin stream

Scores: V 81, C 72, scored on September 27, 2026
What happened

Trump's June 30, 2026 financial disclosure to the Office of Government Ethics reported roughly $196.9 million of income to DT Marks SC, an entity that holds a 38.25% limited-partner interest in Stablecoin Holdco, a Miami-based stablecoin venture - a second stablecoin income stream distinct from USD1/World Liberty Financial. DT Marks SC is owned 69% by DTTM Operations LLC, 1% by DT Marks SC Member Corp and 30% by Trump family members; the filing traces DTTM Operations through DJT Holdings LLC to the Donald J. Trump Revocable Trust, so about 70% of the figure reaches the president's trust and 30% reaches other family members. It was one line in a disclosure showing more than $1.4 billion in crypto income for 2025: ~$635M in $TRUMP memecoin royalties, ~$800M/~$236M via WLF/WLFI, plus this ~$197M stablecoin figure.

The disclosure confirms, from an official government filing, the scale and structure of the president's crypto enrichment - and that stablecoins (dollar-pegged tokens whose regulation the GENIUS Act, CRY-06, just rewrote) are a distinct and large channel. Reuters estimated the family's total crypto income since the return to office at ~$2.3 billion, with the $1.4B OGE figure being the 2025 portion reported on the president's own disclosure, which includes income of entities partly owned by other family members (DT Marks SC is 30% theirs).

It is the cleanest single-document proof of magnitude in the Crypto category: an OGE filing, in the president's own name, showing nine-figure income from a stablecoin venture in a sector his administration deregulated.

Evidence status
Documented (OGE financial disclosure)
Legal status
Legal but conflicted
Estimated value
~$196.9M reported on Trump's disclosure as income of DT Marks SC (a 38.25% limited partner in Stablecoin Holdco, a Miami stablecoin venture); part of >$1.4B total 2025 crypto income
Dates
2025 income; disclosed 2026-06-30
Key actors
Sources
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