{"id":22404,"date":"2025-03-25T16:46:17","date_gmt":"2025-03-25T14:46:17","guid":{"rendered":"https:\/\/forklog.com\/en\/world-liberty-financial-to-launch-usd-stablecoin\/"},"modified":"2025-03-25T16:46:17","modified_gmt":"2025-03-25T14:46:17","slug":"world-liberty-financial-to-launch-usd-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/world-liberty-financial-to-launch-usd-stablecoin\/","title":{"rendered":"World Liberty Financial to Launch USD Stablecoin"},"content":{"rendered":"<p>The DeFi project by the Trump family, World Liberty Financial (WLFI), has confirmed plans to launch a dollar-backed stablecoin, USD1.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Meet USD1 \u2014 the stablecoin your portfolio\u2019s been waiting for.<\/p>\n<p>Built for institutions and retail alike. Backed by dollars. Custodied by BitGo.<br \/>No games. No gimmicks. Just real stability.<a href=\"https:\/\/t.co\/vXPbZe0GPn\">https:\/\/t.co\/vXPbZe0GPn<\/a><\/p>\n<p>\u2014 WLFI (@worldlibertyfi) <a href=\"https:\/\/twitter.com\/worldlibertyfi\/status\/1904516935124988075?ref_src=twsrc%5Etfw\">March 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cUSD1 offers what algorithmic and anonymous crypto projects cannot \u2014 access to the power of DeFi, backed by the authority and guarantees of the most respected names in traditional finance,\u201d said WLFI co-founder Zak Vitkoff.<\/em><\/p>\n<\/blockquote>\n<p>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.<\/p>\n<p>BitGo will serve as the custodian, and its brokerage service, BitGo Prime, will provide liquidity for USD1.<\/p>\n<p>On March 24, reporter Colin Wu <a href=\"https:\/\/forklog.com\/en\/news\/cro-token-surges-30-amid-crypto-com-partnership-with-trump-media\">reported<\/a> on the asset&#8217;s launch on BNB Chain, noting that the smart contract was interacted with by the market maker Wintermute&#8217;s address. Binance co-founder Changpeng Zhao clarified that the contract was deployed around March 4.<\/p>\n<p>Earlier, Andre Cronje mentioned that developers from Sonic Labs <a href=\"https:\/\/forklog.com\/en\/news\/sonic-labs-to-launch-its-own-algorithmic-stablecoin\">will launch<\/a> their own algorithmic stablecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi project by the Trump family, World Liberty Financial (WLFI), has confirmed plans to launch a dollar-backed stablecoin, USD1. Meet USD1 \u2014 the stablecoin your portfolio\u2019s 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 \u2014 WLFI (@worldlibertyfi) March 25, 2025 \u201cUSD1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[194,991,1770],"class_list":["post-22404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitgo","tag-donald-trump","tag-world-liberty-financial-wlfi"],"aioseo_notices":[],"amp_enabled":true,"views":"57","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22404"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22403"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}