The coin $USD1 is associated with Donald $TRUMP and his family.
It has been launched by World Liberty Financial (WLF), a cryptocurrency company and a decentralized finance (DeFi) project that has strong ties to the Trump family. A CBS News report mentions that an entity affiliated with Donald Trump and his relatives owns a 60% stake in World Liberty Financial.
USD1 is a stablecoin, which means it is designed to maintain a stable value, generally pegged to the US dollar. It has been reported that it will be backed by US Treasury bonds, dollars, and other cash equivalents.
This listing became effective for the USD1/USDT pair on May 22, 2025, opening the doors for users of one of the largest cryptocurrency exchange platforms in the world to buy, sell, and trade this stablecoin.
It is important to differentiate USD1 from other cryptocurrencies or tokens associated with Trump, such as the memecoin $TRUMP or the NFTs (non-fungible tokens) that he has also launched.