What is USD1

I. Project Introduction

1. What is USD1?

USD1 is a stablecoin launched in April 2025 by World Liberty Financial (WLFI), a Miami-based fintech company. It's designed for institutional and sovereign investors and is fully backed by short-term U.S. Treasuries, USD deposits, and other cash equivalents.

2. How does USD1 work?

USD1 is a fiat-backed digital asset, designed to maintain a 1:1 equivalence with the U.S. dollar. Its reserves are held by BitGo, a California-based cryptocurrency custodian services provider, to enhance transparency and trust. Initially, USD1 is issued on the Ethereum and Binance Smart Chain (BSC) networks, with plans to expand to other blockchains in the future.

3. Who launched USD1?

USD1 is launched by World Liberty Financial. The ownership structure shows that DT Marks DEFI LLC, an entity linked to Donald J. Trump and certain family members, holds approximately 60% of WLF Holdco LLC. This holding company is the sole member of World Liberty Financial, Inc. Under its agreement with World Liberty Financial, Inc., WLF Holdco LLC retains full rights to the net protocol revenue generated by the WLF Protocol (excluding net proceeds from $WLFI token sales). Neither Trump nor any director, officer, or employee of the Trump Organization or DT Marks LLC holds a formal position at WLF Holdco LLC or World Liberty Financial, Inc. However, Eric Trump serves as a manager on the board of WLF Holdco LLC.

Zach Witkoff, WLFI co-founder (X: @ZachWitkoff)

Zach Folkman, WLFI co-founder (X: @zakfolkman)

Chase Hero, WLFI co-founder (X: @WatcherChase)

4. Timeline of Key Milestones

The official website has not yet published a detailed roadma

II.Name:USD1 (USD1)

III. Related Links