The token, called World Liberty Financial USD (USD1), was deployed on both Ethereum and BNB Chain networks, according to Etherscan and BscScan.
A new dollar-pegged stablecoin linked to Donald Trump's crypto venture, World Liberty Financial, went live in early March with a total supply of over $3.5 million, blockchain data shows.
The token, called World Liberty Financial USD (USD1), was deployed on both Ethereum and BNB Chain networks, according to Etherscan and BscScan. Former Binance CEO Changpeng "CZ" Zhao flagged the contract's launch, noting the coin's presence across chains.
Despite the rollout, World Liberty said the stablecoin isn't yet tradeable. The timing of the launch coincides with renewed momentum in Washington around stablecoin regulation. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act cleared the Senate Banking Committee on March 13 and may head to a full vote soon. Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said the bill could land on Trump’s desk by June.
Since launching in September, World Liberty has been marked by a lack of transparency. The project claims on its website that Trump and some family members hold 60% of its equity. By mid-March, the firm completed two public token sales, pulling in $550 million.
The stablecoin launch came as rumors swirled about possible Trump family talks with Binance — both over a potential stake and a presidential pardon for CZ. The former Binance CEO, who stepped down in 2025 amid regulatory pressure, denied any deal or pardon.
Trump's deepening ties to crypto have raised eyebrows. Before World Liberty's first token sale in October, critics pointed to potential conflicts of interest as Trump ran for office. The scrutiny grew after Tron founder Justin Sun pledged $30 million to World Liberty days after Trump's election win. Sun later joined as an adviser. Not long after Trump took office in January, the SEC paused its lawsuit against Sun to "explore a resolution."
Several enforcement cases involving Trump-aligned crypto firms — including Coinbase and Ripple — have been dropped under the new SEC acting chair Mark Uyeda.
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