NEW YORK--(BUSINESS WIRE)--World Liberty Financial Inc. (“WLFI”), the developer of a pioneering DeFi protocol and governance platform inspired by President Donald J. Trump, today announced its plans to launch USD1, a stablecoin redeemable 1:1 for the US dollar (USD).
WLFI’s USD1 will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, USD1 tokens will be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with plans to expand to other protocols in the future. Each token is intended to maintain a value of $1 USD, fully backed by a reserve portfolio audited regularly by a third-party accounting firm.
“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.”
USD1 reserves will be custodied by BitGo, the world’s largest independent qualified custodian and leader in digital asset security, custody, and liquidity. BitGo provides the operational backbone for thousands of institutional clients in multiple international jurisdictions. BitGo Prime, BitGo's prime brokerage service, will also support USD1—providing institutional clients with access to deep liquidity and trading, all from insured and regulated qualified custody.
“The launch of USD1 represents a significant advancement in institutional-ready digital assets,” said Mike Belshe, BitGo CEO. “Our clients demand both security and efficiency, and this partnership with WLFI delivers both – combining deep liquidity with the assurance that reserves are securely held and managed within regulated, qualified custody.”
Unlike alternatives that introduce additional risk factors, USD1 prioritizes stability through its conservative approach. By avoiding complex yield-generating mechanisms, USD1 offers the clarity and security required for broader institutional adoption.
As World Liberty Financial continues to build the future of decentralized finance, stay updated on the latest developments and announcements by following us on X at https://x.com/worldlibertyfi.
About World Liberty Financial
World Liberty Financial (WLFI) is a pioneering decentralized finance (DeFi) protocol and governance platform dedicated to empowering individuals through transparent, accessible, and secure financial solutions. Inspired by the vision of President Donald J. Trump, WLFI seeks to democratize access to DeFi by creating user-friendly tools that bring the benefits of decentralized finance to a broader audience. WLFI plans to be at the forefront of DeFi, offering an intuitive, robust platform that empowers users to participate actively in the financial future.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
Contacts
Media Contact:
KC Maas, Wachsman
wlfi@wachsman.com