USD1 Digital Currency: An Overview
USD1 is a stable digital currency (Stablecoin) launched in March 2025 by World Liberty Financial (WLFI), a fintech company based in Miami, United States. USD1 is classified as a fully dollar-backed stablecoin at a 1:1 ratio, with reserves held in short-term U.S. Treasury bills, cash deposits, and equivalent liquid assets. It is managed by BitGo Trust Company, a trusted and regulated entity in the United States.
Technical Features of USD1:
Fully dollar-backed: Each unit of USD1 is backed by cash or near-cash assets to ensure its value stability.
Compatibility with multiple networks: USD1 operates on Ethereum and BNB Chain networks, with plans to expand to other networks such as Tron.
Transparency and regulatory compliance: USD1 adheres to U.S. financial regulations, with regular independent audit reports
