USD1 is a U.S. dollar-pegged stablecoin introduced by WLFI in March 2025. Each USD1 token is intended to be redeemable for one U.S. dollar, providing a stable digital asset for seamless and secure cross-border transactions. The stablecoin operates on Ethereum and BNB Chain networks, with plans to expand to additional blockchains in the future.
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šļø Who Is Behind USD1?
World Liberty Financial Inc. (WLFI) is the issuer of USD1. The company is closely associated with the Trump family, with a Trump business entity owning 60% of WLFI and entitled to 75% of all revenue from coin sales. Eric Trump and Donald Trump Jr. are actively involved in the management of the company. WLFI oversees USD1's operations, reserve management, and strategic partnerships, positioning USD1 as a key component of its mission to bridge traditional finance with DeFi.
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šø How Is USD1 Backed?
USD1 is fully backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents. The reserves are held by BitGo Trust Company, a regulated trust entity based in South Dakota, ensuring full compliance with U.S. regulations. Users can mint and redeem USD1 24/7 directly within WLFIās web app.
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š Cross-Chain Capabilities
In May 2025, USD1 integrated with Chainlinkās Cross-Chain Interoperability Protocol (CCIP), enabling seamless operability across multiple blockchains. This integration addresses cross-chain security vulnerabilities and enhances USD1's utility in the DeFi ecosystem.
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š Market Performance
As of May 23, 2025, USD1 has a circulating supply of approximately 2.15 billion tokens and a market capitalization of around $2.15 billion. The stablecoin has seen significant adoption, with a 24-hour trading volume of over $759 million. USD1 is currently trading at $0.999997.
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š¦ Exchange Listings
USD1 has been listed on major cryptocurrency exchanges, including Binance. Binance has added USD1 to its Simple Earn, "Buy Crypto," Convert, and Margin platforms. Trading for the USD1/USDT pair began on May 22, 2025.
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š Global Reach and Controversies
USD1 is being promoted in countries like Pakistan, Malaysia, and Kyrgyzstan, which are simultaneously negotiating U.S. diplomatic and trade agreements. Critics argue that the intertwining of private dealings, Trump-associated influencers, and foreign diplomacy raises concerns about potential conflicts of interest. World Liberty Financial denies ties to official government business, but the company's activities have attracted scrutiny from lawmakers.
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š Recent Developments
BUILDon Token Investment: World Liberty Financial announced the purchase of the BUILDon (B) token, sparking a 1,340% increase in its value. The company holds 636,000 B tokens valued at $172,000.
Memecoin Acquisitions: WLFI has also acquired 600,000 memecoins on the Four.meme platform, further backing the USD1 ecosystem.
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š§ Conclusion
World Liberty Financial USD (USD1) represents a significant development in the stablecoin market, aiming to bridge traditional finance with the decentralized world. While its rapid adoption and strategic partnerships highlight its potential, the close ties to political figures and associated controversies underscore the importance of transparency and regulatory compliance in the evolving crypto landscape.