Timeline of Trump’s Crypto Project WLFI's Dollar Stablecoin Project USD1
On March 25, Binance founder CZ warned users to guard against false tokens impersonating the name 'USD1', emphasizing that the official token has not yet launched, which first gained public awareness and sparked discussions.
On the same day, World Liberty Financial Inc. (WLFI) announced plans to launch a 1:1 dollar-pegged stablecoin USD1, with reserve assets consisting of short-term U.S. Treasury bonds, dollar deposits, and cash equivalents, initially deployed on Ethereum and Binance Smart Chain (BSC), with plans to expand to multiple chains in the future. The reserves are custodied by BitGo, and BitGo Prime will provide liquidity support for institutional clients, while a third-party auditing firm will regularly verify the status of the reserves.
On April 4, on-chain monitoring showed that DWF Labs received 1 million USD1 issued by World Liberty Finance to support market-making for this stablecoin.
On April 11, BSC chain data indicated that the circulation of USD1 issued by the Trump family-related project WLFI surpassed 103 million (BEP-20 standard), currently held by only 14 addresses, with a total of 106 transactions, indicating a high degree of market circulation concentration.
On April 12, on-chain holding data showed that DWF Labs became the second-largest institutional holder with 6 million USD1; on the same day, CoinGecko reported a total transaction volume of over 44.91 million USD for USD1, with liquidity performance beginning to emerge.