Donald Trump has officially dropped a stablecoin. It’s called USD1, and it’s pegged 1:1 with the US dollar, according to a statement from his family company World Liberty Financial Inc. (WLFI) today.
The company says the token is fully backed by short-term US government treasuries, USD deposits, and other cash equivalents. Every token equals one dollar, no exceptions. WLFI says it built the whole thing to give people a stablecoin they don’t have to second guess.
The token will launch on Ethereum and Binance Smart Chain, with plans to hit other blockchains soon. WLFI said audits will come from a third-party accounting firm and that full transparency will be a core feature. The idea is to keep USD1 fixed at $1, using reserves people can actually verify.
WLFI picks BitGo for custody and liquidity
WLFI picked BitGo to hold the reserves. BitGo is known for managing billions in crypto for institutions. Their role here includes qualified custody, trading services, and liquidity support through BitGo Prime. They’re supposed to keep everything locked down, regulated, and insured.
“The launch of USD1 represents a significant advancement in institutional-ready crypto,” said Mike Belshe, CEO of BitGo. “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.”
WLFI is not aiming this coin at casual traders. The company made it clear this is for institutions and sovereign investors who need a way to move large sums without touching traditional rails. WLFI co-founder Zach Witkoff said, “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.”
Zach also said USD1 isn’t like algorithmic stablecoins or anonymous DeFi projects. There are no risky yield schemes, no unbacked promises. “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,” he said.
WLFI claims its whole structure is inspired by Trump. The project was designed with his name and approach in mind. The company says it’s building a governance platform and a full DeFi protocol that normal people can actually use. WLFI says it wants to make tools that remove the friction from crypto, and give people access to financial systems without depending on centralized middlemen.
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