$USD1 — is a stable cryptocurrency token issued by World Liberty Financial (WLFI), closely associated with the Trump family. The token was launched in March 2025 and has since become one of the fastest-growing stablecoins in the market.
🔹 Key Features of USD1
Type: Fiat-backed stablecoin, pegged 1:1 to the US dollar.
Reserves: Backed by cash, short-term US government bonds, and bank deposits.
Custodian: BitGo Trust Company is a regulated trust company from South Dakota, providing legal and financial reliability for the asset.
Cross-chain Support: With integration with Chainlink CCIP, USD1 is available on multiple blockchains, including Ethereum and BNB Chain.
Market Capitalization: Exceeded $2.1 billion, making USD1 one of the five largest stablecoins in the world.
📈 Recent Events
Listing on Binance: On May 22, 2025, USD1 was added to the largest cryptocurrency exchange Binance, significantly increasing its liquidity and availability for traders.
Investment from the UAE: MGX, a company based in Abu Dhabi, invested $2 billion in USD1 to finance a deal with Binance, raising concerns about potential conflicts of interest.
Connection to the Trump Family: The Trump family owns 60% of WLFI and is actively involved in the company's management, raising questions about potential influence on cryptocurrency policy and regulation.
