World Liberty Financial to Launch USD Stablecoin

The DeFi project by the Trump family, World Liberty Financial (WLFI), has confirmed plans to launch a dollar-backed stablecoin, USD1.

Meet USD1 — the stablecoin your portfolio’s been waiting for.

Built for institutions and retail alike. Backed by dollars. Custodied by BitGo.
No games. No gimmicks. Just real stability.https://t.co/vXPbZe0GPn

— WLFI (@worldlibertyfi) March 25, 2025

“USD1 offers what algorithmic and anonymous crypto projects cannot — access to the power of DeFi, backed by the authority and guarantees of the most respected names in traditional finance,” said WLFI co-founder Zak Vitkoff.

The stablecoin will be backed by short-term U.S. Treasury obligations, deposits, and other cash equivalents. The coin will be issued on the Ethereum and Binance Smart Chain networks. An external accounting firm will verify the reserves.

BitGo will serve as the custodian, and its brokerage service, BitGo Prime, will provide liquidity for USD1.

On March 24, reporter Colin Wu reported on the asset’s launch on BNB Chain, noting that the smart contract was interacted with by the market maker Wintermute’s address. Binance co-founder Changpeng Zhao clarified that the contract was deployed around March 4.

Earlier, Andre Cronje mentioned that developers from Sonic Labs will launch their own algorithmic stablecoin.