USD1 is a stablecoin pegged to the US dollar, issued by World Liberty Financial, a fintech company backed by the Trump family. Here's what you need to know about USD1:
Key Details:
- Current Price: $1.00000 with a 0.8% increase
- Market Capitalization: Over $2.1 billion, ranking as the 7th-largest stablecoin
- Trading Volume: $776,037.71 in the last 24 hours
- Circulating Supply: Not reported
- Total Supply: 12,000,000,000
- Max Supply: Unlimited
How it Works:
- USD1 is fully backed by high-quality reserves, including cash, short-term US Treasury securities, and US dollar bank deposits
- It's built on the Stellar and ERC-20 blockchains, offering secure, fast, and low-cost transactions
- Issued and managed by BitGo Trust Company, a US-regulated entity
Recent Developments:
- Binance Listing: USD1 was listed on Binance's spot trading platform on May 22, 2025, with trading pairs USD1/USDT
- Withdrawal Services: Withdrawal features for USD1 on Binance are scheduled to launch on May 23, 2025
- Airdrop: World Liberty Financial plans to airdrop USD1 tokens to eligible WLFI token holders following a governance vote
World Liberty Financial's Portfolio:
- Holdings: USDC ($22.04 million), Ethereum ($20.85 million), Bitcoin ($18.12 million through WBTC), and other assets
- Portfolio Value: Over $108 million, spread across multiple blockchain networks and asset types
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