About USD1 (USD1)

What is USD1 and who’s behind it?

USD1 is a fiat-backed stablecoin launched in April 2025 by World Liberty Financial (WLFI). It’s managed by BitGo Trust, a U.S.-regulated custodian ensuring legal compliance and 1:1 backing with U.S. Treasuries and cash. WLFI, based in Miami and majority-owned by the Trump family, built USD1 to bridge fiat and crypto under strict custody standards — a mix of politics, regulation, and blockchain utility.

How does USD1 stay pegged to the U.S. dollar?

Each USD1 token equals one real dollar. It’s minted only after fiat deposits and burned when redeemed — no algorithmic balancing acts. BitGo oversees reserves, mainly U.S. Treasuries and cash equivalents, with regular third-party audits. That tight mint-burn control keeps it stable around 1 USD, similar to USDC or USDT but framed under stricter U.S. custody.

What’s the role of WLFI tokens in the ecosystem?

WLFI governs the USD1 ecosystem. It controls protocol upgrades, fee structures, and reward programs. Token allocations lean 20% to team, 15% to investors, and 50% to ecosystem incentives. Unlike USD1, which is stable and demand-minted, WLFI has vesting schedules — team tokens unlock over two years, while early investors and advisors follow shorter cliffs to prevent dumping.

Who invested in USD1 and WLFI?

Institutional capital played a big role. Abu Dhabi’s MGX reportedly injected $2 billion, using USD1 as the settlement asset — a deal that instantly boosted its visibility. BitGo handles custody, while global private funds and politically connected U.S. investors back WLFI. There was no public ICO; funding came through private and strategic channels only.

Where can you trade or use USD1?

USD1 trades actively on Binance and MEXC under the USD1/USDT pair, with fiat bridges on Kraken (USD1/USD, USD1/USDC) and Asian liquidity via Upbit’s USD1/KRW. It’s used across DeFi platforms for lending, yield farming, and liquidity provision — a stablecoin designed for both retail and institutional flow.

Are there any community rewards or airdrops?

WLFI ran early community airdrops and staking campaigns, rewarding contributors in WLFI or USD1. There was no public token sale; instead, rewards came through governance and liquidity programs. Those early rounds helped seed user adoption before the stablecoin went mainstream on exchanges.

What’s next on USD1’s roadmap?

WLFI plans to expand USD1 to Layer 2 networks, improve real-time Proof-of-Reserves audits, and roll out a mobile app bundling custody, payments, and DeFi access. Chainlink’s CCIP enables cross-chain transfers, while institutional integrations aim to make USD1 a reliable settlement layer across ecosystems.

What risks should users be aware of?

Regulatory change is the biggest variable — especially given WLFI’s U.S. base and political ties. Liquidity still depends on a few market makers like DWF Labs, and audit cadence trails leaders like USDC. Centralized control under the Trump family could also shape governance outcomes. Still, BitGo custody and treasury-backed reserves keep it relatively low-risk in the stablecoin category.