USD1

USD1 is a fiat-backed US dollar stablecoin from World Liberty Financial, the DeFi venture affiliated with the Trump family. Launched in 2025 with BitGo as custodian, it grew into one of the largest stablecoins within a year, propelled by a $2 billion Abu Dhabi investment into Binance settled in USD1, and trailed by persistent conflict-of-interest controversy.

All cryptocurrencies

What Is USD1?

USD1 (full name World Liberty Financial USD) is a US dollar stablecoin issued by World Liberty Financial, the crypto venture affiliated with the family of US President Donald Trump. Each token is designed to hold a 1:1 dollar peg, backed by US cash, short-term US Treasuries, and government money market funds. USD1 is the stablecoin; World Liberty Financial's separate WLFI governance token is a different asset and should not be confused with it.

Overview - Table of Contents
What Is USD1?
Getting Started With USD1
How To Get A USD1 Wallet?
USD1 Resources
How To Buy USD1?
Latest USD1 News

USD1 was announced in March 2025 and launched in April 2025 on Ethereum and BNB Chain. Reserves are custodied by BitGo Trust Company, a South Dakota-chartered trust company that handles minting, redemption, and reserve management in segregated, bankruptcy-remote accounts. Monthly attestation reports are published under AICPA standards, and World Liberty Financial runs a Chainlink-powered proof-of-reserves dashboard. The token has since expanded to Solana, Tron, Aptos, and several newer chains, using Chainlink's CCIP for cross-chain transfers.

World Liberty Financial was founded in 2024 by Zach Witkoff (its chief executive and son of US envoy Steve Witkoff), Zachary Folkman, Chase Herro, and Alex Witkoff, with Donald Trump listed as "chief crypto advocate" and his sons as ambassadors. Trump family entities hold a large stake in the venture and a majority share of its token-sale proceeds, which is the root of the project's central controversy: a sitting president's family profits from a financial product whose regulation his administration oversees.

USD1's growth was explosive by stablecoin standards. Its defining early moment came in May 2025, when it was announced that MGX, an Abu Dhabi state-backed fund, would settle its 2 billion dollar investment into Binance using USD1, instantly making it a major stablecoin. Senators Elizabeth Warren and Jeff Merkley called the arrangement "a staggering conflict of interest." Supply crossed 3 billion dollars in December 2025 and reached roughly 4.5 billion by mid-2026, putting USD1 among the largest US dollar stablecoins, vying with Ethena's USDe for fourth place behind USDT, USDC, and USDS. The GENIUS Act, the federal stablecoin law Trump signed in July 2025, provides the regulatory framework USD1 operates under, and critics have noted the same conflict there.

In January 2026 a World Liberty affiliate applied to the OCC for a national trust bank charter that would bring USD1's issuance, custody, and reserve management in-house, replacing the BitGo arrangement. Separately, Tron founder Justin Sun, an early World Liberty investor, sued the company in April 2026 over frozen WLFI tokens; the dispute concerns the governance token rather than USD1 itself, but it involves the stablecoin's ecosystem partners. USD1 has held its peg closely since launch.

Getting Started With USD1

USD1 works like other fiat-backed stablecoins across its supported chains:

Step 1: Set up a wallet on a supported chain, such as MetaMask for Ethereum and BNB Chain, Phantom for Solana, or TronLink for Tron.
Step 2: Acquire USD1 on an exchange, or swap into it on a decentralized exchange.
Step 3: Use USD1 for trading, payments, or DeFi; institutional mints and redemptions run through BitGo.
Step 4: Check the monthly attestations and proof-of-reserves dashboard if you want to verify backing.

How to Get a USD1 Wallet?

USD1 is a standard token on each chain it lives on, so mainstream wallets work.

MetaMask

MetaMask holds USD1 on Ethereum and BNB Chain, where the token uses the same contract address on both networks.

Phantom

Phantom and other Solana wallets hold the SPL version of USD1, launched in September 2025.

TronLink

TronLink holds the TRC-20 version of USD1 on Tron, one of the token's smaller deployments.

Hardware Wallets

Ledger and other hardware wallets paired with the above interfaces keep USD1 in cold storage for larger balances.

USD1 Resources

How to Buy USD1?

USD1 is widely listed, with Binance as its dominant venue.

Centralized Exchanges

USD1 trades on Binance, Bybit, Gate, MEXC, BitMart, KuCoin, and OKX, both as a traded asset and as a quote currency for pairs like BNB/USD1 and ETH/USD1.

Decentralized Exchanges

USD1 trades on Uniswap on Ethereum, PancakeSwap on BNB Chain, and Raydium on Solana, mostly in stablecoin pools. Fund a wallet on the relevant chain, connect, and swap.

Latest USD1 News

USD1's supply reached roughly 4.5 billion dollars by July 2026, cementing its place among the largest stablecoins little more than a year after launch. In January 2026 a World Liberty affiliate applied to the OCC for a national trust bank charter to take issuance and custody in-house, a decision regulators were still weighing in mid-2026. The token continues to expand across chains, and the Canton Network announced plans to deploy USD1 for institutional settlement in December 2025.

The project remains politically charged. Congressional Democrats have kept pressure on the Trump family's stablecoin profits, especially after Trump's October 2025 pardon of Binance founder Changpeng Zhao, which critics tied to Binance's role as USD1's dominant venue. The April 2026 Justin Sun lawsuit against World Liberty Financial (over the WLFI governance token), and the company's defamation countersuit, keep the wider venture in the headlines. Anyone using USD1 should follow the attestation reports and understand that its fortunes are tied to an unusually political issuer.