The USD1 currency is a stablecoin launched in March 2025 by World Liberty Financial (WLFI), a company backed by former U.S. President Donald Trump and his sons. USD1 aims to provide a stable and secure digital payment method, fully backed by financial assets such as U.S. Treasury bonds and cash deposits, with its reserves held by BitGo Trust Company.
🔍 Overview of USD1
Type: Stablecoin backed by financial assets
Value: Pegged to the U.S. Dollar at a 1:1 ratio
Reserves: Short-term U.S. Treasury bonds, cash deposits, and equivalents
Custody: BitGo Trust Company:
Blockchain: Available on the Ethereum and BNB Smart Chain networks
Trading: Listed on platforms such as Binance, Bitget, and KuCoin
Market Capitalization: Approximately $2.18 billion
Daily Trading Volume: Exceeds $200 million.
🚀 Recent Developments:
Rapid Growth: After being listed on Binance in May 2025, USD1 transaction volume exceeded $10 billion in just 10 days.
Use in Major Investments: USD1 was chosen as the official currency to complete a $2 billion investment by MGX, backed by the Abu Dhabi government, in the Binance platform.
Token Distribution: WLFI distributed 47 USD1 tokens for each wallet that participated in the WLFI token sale, symbolically referencing the number 47, associated with Trump's second presidential nomination.