#USD1 issued by World Liberty Financial (WLFI), which was established in 2024 and is headquartered in Miami, closely associated with the Trump family. The Trump family holds 60% of WLFI shares and enjoys 75% of the token sale revenue. Eric Trump and Donald Trump Jr. are involved in management, with Trump himself serving as the 'Chief Crypto Advocate,' and Barron Trump listed as the 'DeFi Visionary.'
The reserves of USD1 are held by the regulated BitGo Trust Company, including U.S. Treasury bonds and cash equivalents, and are guaranteed transparency through Chainlink's Proof of Reserves (PoR) mechanism.
Currently, 99% of the USD1 supply is concentrated on the BNB chain. The Abu Dhabi state-owned company MGX announced a $2 billion investment in Binance using USD1, further solidifying its position. As USD1's market capitalization surpasses BUSD, the Binance ecosystem is gradually shifting towards USD1, driving the trading volume on the BNB chain and the value of $BNB.
