World Liberty Financial (WLFI), the decentralized finance platform backed by U.S. President Donald Trump and his family, has deployed a dollar-pegged stablecoin

Blockchain data shows the token, labeled as World Liberty Financial USD (USD1), was launched in early March on both Ethereum and BNB Chain networks.

A decentralized finance platform backed by U.S. President Donald Trump and his family has deployed a dollar-pegged stablecoin on two major blockchain networks.

Data available on blockchain analytics platforms shows that World Liberty Financial (WLFI) launched the token, labeled as World Liberty Financial USD (USD1), in early March on both Ethereum and BNB Chain networks.

The stablecoin currently has a supply of approximately 3.5 million tokens on each blockchain. This deployment is a key development for the project, which has been anticipated since WLFI’s launch in September 2024.

Blockchain analysts first noticed activity with the USD1 token on March 24. Several transactions involving the token have taken place over the past couple of weeks, according to data from blockchain monitoring websites Etherscan and BscScan.

Some transfers included addresses linked to major crypto industry players. According to Arkham Intelligence data, addresses connected to Wintermute, a large digital asset trading firm, and BitGo, a prominent crypto custodian, have interacted with the token.

After growing public attention to the token, WLFI responded by stating that USD1 is “not currently tradeable” and warned crypto users to be aware of potential scams attempting to capitalize on the attention.

“USD1 is not currently tradable. Beware of scams and follow us here for all official announcements,” the company said on X.

Former Binance CEO Changpeng “CZ” Zhao brought widespread notice to the token. He welcomed the project to BNB Chain in a post shared with his 10 million followers, including a screenshot of the USD1 BscScan profile.

“Welcome to @BNBChain! According to BSCScan, the smart contract was deployed 20 days ago. Build!” he said.

Zhao later noted that his post had triggered a wave of copycat tokens. These imitators were apparently trying to take advantage of the sudden attention on the World Liberty Financial stablecoin.

World Liberty Financial first made headlines last year as one of the first crypto projects with the backing of Donald Trump. The protocol aims to build a blockchain-based marketplace where users can borrow and lend cryptocurrencies, create liquidity pools, and transact with stablecoins.

It has been known that WLFI was developing its own stablecoin. However, until now, there had been no official communication about specific plans or timing for a public launch of the token.

The World Liberty Financial platform has completed two public token sales since its launch. These sales have reportedly generated a combined $550 million for the company, showing strong investor interest in the Trump-backed project.

According to the project’s website, President Trump and some members of his family control 60% of the company’s equity interests. This ownership structure has raised questions about potential conflicts of interest since Trump took office.

Trump’s Stablecoin Strategy

The stablecoin launch comes as the Trump administration has been making crypto regulation a priority. The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) has advanced in the Senate, moving out of the Banking Committee on March 13.

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said he expects the GENIUS bill to reach President Trump’s desk by June. This legislation would create a regulatory framework for stablecoins in the United States.

Treasury Secretary Scott Bessent has emphasized the importance of stablecoins for preserving the U.S. dollar’s global position as a reserve currency.

Stablecoins have become one of the fastest-growing segments of the crypto industry. With their prices pegged to external assets, primarily the U.S. dollar, they are widely used for crypto trading, everyday payments, remittances, and savings.

The stablecoin market has seen major growth over the past year. Analytics platforms Artemis and Dune reported that the number of active stablecoin wallets increased by more than 50% from February 2024 to February 2025.

The total market capitalization of stablecoins surpassed $200 billion in January 2025. Tether (USDT) and USD Coin (USDC) remain the two most popular stablecoins on the market.