What is USD One (USD1)?
USD1 is a newly launched stablecoin, backed by World Liberty Financial - a digital asset venture supported by former U.S. President Donald Trump and his sons. The stablecoin is pegged 1:1 to the U.S. dollar, meaning it’s designed to maintain a stable value, unlike other cryptocurrencies like Bitcoin, BNB or Ethereum.
Stablecoins like USD1 aim to offer blockchain efficiency with dollar-based stability. As per the announcement, USD1 isn't just another digital dollar. It is being designed for secure and efficient cross-border payments, which could appeal to businesses and crypto users looking for more dependable transaction options. The coin is reportedly backed by U.S. Treasury reserves, adding another layer of credibility and trust.
The launch of USD1 reflects a broader shift in how mainstream political and financial figures are engaging with crypto. At the time of its announcement, the total supply of USD1 stood at 12 billion.
The current price of USD1 is available and updated in real-time on Binance.
