USD1

Overview

USD1 is a fiat-collateralized stablecoin designed to maintain a 1:1 peg to the US dollar, issued by World Liberty Financial. Announced in March 2025, it launched initially on Ethereum and BNB Chain before expanding to additional networks such as Tron.

The issuer states that reserves consist of short-term US Treasuries, dollar deposits, and cash equivalents, with custody handled by BitGo. USD1 is used mainly for exchange settlement, on-chain trading pairs, and institutional transfers, and it has drawn regulatory and conflict-of-interest scrutiny because of the issuer's ties to the Trump family in the United States.