Confirming online speculation, World Liberty Financial Inc. has announced the launch of USD1, a stablecoin redeemable 1:1 for the U.S. dollar and fully backed by short-term U.S. Treasuries, cash deposits, and other equivalents.

USD1 will initially launch on Ethereum (ETH) and Binance (BNB) Smart Chain, with plans to expand to additional blockchains, according to a note shared with Coin Insider Daily.

WLFI positions USD1 as a stable, institution-friendly alternative to algorithmic and undercollateralized stablecoins. The company emphasized transparency, with third-party audits ensuring reserves match the token’s circulating supply.

This news confirms speculation that WLFI had launched its USD1 stablecoin on BNB Chain, with blockchain analytics detecting interactions between its contract and a wallet linked to Wintermute. 

Despite the deployment occurring around three weeks ago, neither World Liberty Financial nor the Trump family had issued an official statement until now.

BitGo as custodian

BitGo, a leading digital asset custodian, will hold USD1’s reserves. The company, which serves institutional clients worldwide, will also provide trading and liquidity support through BitGo Prime. 

“The launch of USD1 represents a significant advancement in institutional-ready digital assets,” said BitGo CEO Mike Belshe, stressing that the stablecoin combines deep liquidity with regulated, qualified custody.

Unlike stablecoins that rely on complex yield-generating mechanisms, USD1 prioritizes transparency and security. WLFI wants the stablecoin to be a trusted option for institutions looking to engage with DeFi while ensuring full collateral backing.

“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 WLFI co-founder Zach Witkoff.

He added that sovereign investors and institutions can use USD1 for secure, cross-border transactions without exposure to additional risks.