title: World Liberty Financial Launches USD1 Stablecoin Redeemable 1:1 for the U.S. Dollar

Confirming online speculation, World Liberty Financial Inc. has announced the launch of USD1, a stablecoin redeemable 1:1 for the U.S. dollar and fully backed by short-term U.S. Treasuries, cash deposits, and other equivalents.

World Liberty Financial Inc., the company founded by members of the Trump family, has confirmed online speculation and launched USD1, a stablecoin pegged 1:1 to the U.S. dollar and fully backed by short-term U.S. Treasuries, cash deposits, and other equivalents.

USD1 will initially launch on Ethereum (ETH) and Binance (BNB) Smart Chain, with plans to expand to additional blockchains, according to a note shared with crypto.news.

The company positions USD1 as a stable and institution-friendly alternative to algorithmic and undercollateralized stablecoins. Transparency is key, with third-party audits regularly verifying that reserves match the token’s circulating supply.

This news confirms speculation that WLFI had launched its USD1 stablecoin on BNB Chain, with blockchain analytics detecting interactions between its contract and a wallet linked to Wintermute.

Despite the deployment occurring around three weeks ago, neither World Liberty Financial nor the Trump family had issued an official statement until now.

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Institutional-grade custody with BitGo

USD1’s reserves will be held by BitGo, a leading provider of digital asset custody services. Serving institutional clients across the globe, BitGo will also offer trading and liquidity support through BitGo Prime.

“The launch of USD1 marks a significant step forward in providing institutions with ready access to the best of the digital asset industry,” said Mike Belshe, CEO of BitGo.

As the preferred digital asset custodian for many of the world’s largest banks, hedge funds, and asset managers, BitGo’s custody services meet the highest standards of banking, securities, and trust.

“We are pleased to support World Liberty Financial in launching its stablecoin and expanding the use of digital assets among institutions,” said Belshe.

“USD1 combines deep liquidity with the regulated, qualified custody that institutions require, and we are proud to play a key role in this innovative initiative.”

Unlike stablecoins that rely on derivative income or complex yield-generating mechanisms to provide returns, USD1 prioritizes transparency and security. The stablecoin is designed to be a trusted option for institutions who want to engage with DeFi with the assurance of full collateral backing.

“Sovereign investors and institutions can use USD1 for efficient, low-cost, and secure cross-border transactions without assuming any additional risk,” said Zach Witkoff, co-founder of WLFI.

“USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance.”