Here's a summary of #USD1Stablecoin
$USD1 was launched by World Liberty Financial in March 2025, it is a fiat-backed stablecoin designed to maintain a 1:1 peg with the US dollar. Backed by short-term US government bonds and custodied by BitGo, it operates on Ethereum and BNB Smart Chain, with plans to expand to other chains in the near future.
Unlike USDT and USDC, which have strong retail adoption, USD1 seems to prioritize institutional use cases. The Binance-MGX agreement highlights WLFI's strategy to secure high-profile partnerships to drive adoption among large financial players.
• Will it stand up to the dominance of USDT and USDC?
Wow, we are in the midst of an unprecedented global economic revolution.
• Are we preparing for something never seen before??
We'll see 🤔🫡🪙🪙
