In March 2025, World Liberty Financial (WLFI), associated with former U.S. President Donald Trump's family, launched a new stablecoin known as USD1. This currency aims to provide a stable digital payment method fully backed by assets such as U.S. Treasury bonds, dollar deposits, and cash equivalents, with reserves held at the digital custodian BitGo.
📈 USD1 market performance
Current price: $1.00
Market cap: $2.15 billion
Daily trading volume: approximately $419 million
Circulating supply: 2.15 billion USD1
Global ranking: #47 according to CoinMarketCap
USD1 is considered one of the fastest-growing stablecoins in history, reaching a market value of over $2 billion within less than two months of its launch.
🌐 Expansion and partnerships
In May 2025, WLFI announced USD1 as the official stablecoin to complete a $2 billion investment from the UAE-based MGX in the Binance platform. This collaboration was announced during the Token2049 conference in Dubai, attended by prominent figures such as Eric Trump and Zach Witkoff.
USD1 is currently available on the Ethereum and BNB Smart Chain networks, with plans to expand to other networks in the future.
⚠️ Controversy and transparency
Despite rapid growth, USD1 faces criticism for a lack of transparency. So far, WLFI has not provided independent audit reports or detailed disclosures about its reserves, raising concerns about the credibility of the currency's backing.
Additionally, the project's connection to the Trump family has raised questions about conflicts of interest, especially with the use of USD1 in large investment deals that could financially benefit the family.
📌 Summary
USD1 represents a new attempt to enter the stablecoin market, benefiting from the political and financial support of the Trump family. While the project shows great potential, its sustainable success depends on enhancing transparency and building trust with users and investors.