World Liberty Financial to Launch Institutional-Ready Stablecoin USD1

World Liberty Financial Inc. (WLFI) on Tuesday announced plans to launch USD1, a fully backed stablecoin designed for institutional adoption.

USD1 will be pegged 1:1 to the US dollar and" 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents," according to an emailed press release.

The stablecoin will initially launch on Ethereum (ETH) and Binance Smart Chain (BSC), with plans for expansion. Its reserves will be custodied by BitGo, a digital asset security firm, and regularly audited by third-party firms to ensure transparency.

USD1 encourages stability via a conservative approach and avoids “complex yield-generating mechanisms,” the press release noted.

The total stablecoin market capitalization is currently $233.5. billion, according to DefiLlama data. Tether (or USDT) maintains a 62% market dominance.

“USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” said Zach Witkoff, WLFI co-founder. “We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

BitGo CEO Mike Belshe called USD1 a “significant advancement in institutional-ready digital assets,” emphasizing that it meets the growing demand for both security and efficiency.

World Financial Liberty is a decentralized finance project founded in 2024 and backed by President Donald Trump.