Introduction to USD1 Stablecoin
USD1 is a stablecoin launched in April 2025 by World Liberty Financial (WLFI), a Miami-based fintech company. Designed for institutional and sovereign investors, it maintains a 1:1 peg with the US dollar through reserves of short-term US government funds, dollar deposits, and cash equivalents.
👉 Discover how USD1 compares to other stablecoins
How USD1 Works
- Asset-Backed Model: Each USD1 token is fully supported by reserve assets held with BitGo, a California-based crypto custody provider.
- Multi-Chain Availability: Initially issued on Ethereum and Binance Smart Chain, with plans for expansion to additional blockchain networks.
- Transparency Focus: Regular audits ensure reserve adequacy and maintain investor confidence.
Key Features of USD1
| Feature | Description |
|---|---|
| Peg Mechanism | 1:1 with US Dollar |
| Reserve Custodian | BitGo |
| Target Audience | Institutional & sovereign investors |
| Blockchain Support | Ethereum, Binance Smart Chain (additional networks planned) |
Development Team Behind USD1
USD1 was created by World Liberty Financial, which has notable affiliations:
- Ownership Structure: Approximately 60% of WLF Holdco LLC (parent company) is owned by DT Marks DEFI LLC, linked to Donald J. Trump's family.
Key Team Members:
- Zach Witkoff (Co-Founder)
- Zak Folkman (Co-Founder)
- Chase Hero (Co-Founder)
Note: Neither Donald Trump nor other Trump Organization members hold executive positions in WLFI.
Tokenomics of USD1
- Token Symbol: USD1
- Stability Mechanism: Reserve-backed with daily attestations
- Smart Contract: View on Etherscan
👉 Learn about USD1's reserve composition
Frequently Asked Questions
What makes USD1 different from other stablecoins?
USD1 combines institutional-grade custody with multi-chain accessibility, specifically designed for large-scale investors seeking regulatory-compliant digital dollar exposure.
How is USD1's peg maintained?
Through transparent reserve management by BitGo, with assets consisting of US government securities and cash equivalents.
Can retail investors use USD1?
While primarily designed for institutions, USD1 is available to all investors through supported exchanges.
What blockchains support USD1?
Currently Ethereum and BSC, with expansion plans to additional networks.
Where can I track USD1's reserve status?
Official reserve reports are published quarterly on World Liberty Financial's website.
Additional Resources
- Official Website: World Liberty Financial
- Twitter: @worldlibertyfi
Disclaimer: Information provided is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.