About

USD1 is a fiat-backed stablecoin launched by World Liberty Financial (WLFI), a financial technology firm with ties to former U.S. President Donald Trump. The stablecoin is designed to maintain a 1:1 peg with the U.S. dollar.

Key features include

• Fiat-Backed and Fully Collateralized: USD1 is backed 100% by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents. Its reserves are managed and custodied by BitGo Trust Company.
• Institutional Focus: Marketed as an “institutional-ready stablecoin,” USD1 targets both institutional and retail investors, with a particular emphasis on large-scale, cross-border transactions.
• No Transaction Fees on Minting/Redemption: USD1 eliminates transaction fees for minting and redeeming tokens, allowing users to convert between fiat and digital assets with minimal friction.

History

Announced March 2025, USD1 was issued by World Liberty Financial (WLFI), founded and controlled by the Trump family.

In May 2025, USD1 was integrated with Chainlink Cross-Chain Interoperability Protocol, allowing for cross-chain transfer and usage.

Between August and September 2025, USD1 was listed on major exchanges such as Coinbase, Kraken, OKX and Upbit.

In September 2025, WLFI in collaboration with Bonkfun and Raydium, announced Project Wings, a campaign centered on the USD1 stablecoin within the Solana ecosystem.

By October 2025, the stablecoin took the position of the 6th largest stablecoin in the world.