USD1 

USD1 Price

What is the USD1 stablecoin?

USD1 is a fiat-collateralized stablecoin launched in March 2025 by World Liberty Financial (WLFI), the DeFi platform affiliated with the Trump family. The token is designed to hold a 1:1 US dollar peg and is redeemable 1:1 for USD. BitGo, a regulated digital asset custodian, handles issuance, custody, minting, and redemption. Primary uses: trading settlement, DeFi collateral within the WLFI ecosystem, and cross-chain dollar liquidity across blockchains including BNB Chain, Ethereum, and Solana.

Is USD1 backed by real dollar reserves?

Yes. Per WLFI documentation, USD1 reserves consist of cash, US government money market funds, and other cash equivalents, held or maintained by BitGo. Verification comes through monthly third-party attestation reports prepared under AICPA standards, plus an on-chain Proof-of-Reserves dashboard operated by the issuer. Direct 1:1 redemption requires onboarding, verification, and approval as an eligible BitGo customer.

Who issues USD1, and what role does BitGo play?

World Liberty Financial launched USD1 but does not issue or custody the token directly. Per WLFI's own documentation, BitGo performs issuance, custody, minting, and redemption of USD1. Minting and direct 1:1 redemption require approval as an eligible BitGo customer. Holders without BitGo onboarding buy and sell USD1 through supporting exchanges and platforms instead.

How does USD1 maintain its 1:1 dollar peg?

USD1 targets the dollar through full reserve backing rather than an algorithmic mechanism. BitGo mints new USD1 only against incoming US dollars and burns tokens on redemption, so supply expands and contracts with demand. Per DropsTab data, most USD1 pairs are stable-to-stable quotes against USDT and USDC, giving arbitrageurs the pricing rails that pull the market price back to $1. The peg has not been failure-free: in February 2026, Reuters reported USD1 briefly dipping below its $1 peg during an "attack" before recovering.

Is USD1 safe or regulated?

USD1's design aligns with US GENIUS Act stablecoin standards per WLFI documentation, and BitGo operates as a regulated custodian with monthly AICPA-standard attestations. Two risks remain. The issuer's Trump family affiliation concentrates regulatory and reputational exposure unusual for stablecoins. Redemption outside BitGo onboarding also depends on third-party venue terms, which individual holders do not control.

How does USD1 compare to USDT and USDC?

USD1 belongs to the same asset class as USDT and USDC: fiat-collateralized, dollar-pegged stablecoins. The difference is the issuer structure. WLFI, a DeFi platform affiliated with the Trump family, launched USD1, with BitGo as regulated custodian for issuance and reserves. In trading, USD1 functions as a settlement asset: per DropsTab data, its pairs mirror how USDT and USDC are used — stable-to-stable quotes, fiat pairs in USD, KRW, and TRY, and majors like BNB, SOL, and BTC.

What is USD1's total and circulating supply?

USD1 has no maximum supply. Per DropsTab data, more than 4 billion USD1 tokens were in circulation as of October 2026. The figure is elastic: BitGo mints tokens against USD reserves and burns them on redemption, so supply moves with institutional demand rather than following a fixed emission schedule.

Does USD1 have a vesting schedule or token unlocks?

No. USD1 has no allocation schedule, vesting cliff, or unlock calendar — a stablecoin has no insider allocations to release. Supply changes only through BitGo's mint-and-burn mechanism against reserves. This removes the unlock-driven sell pressure typical of venture-backed tokens: growth in USD1 supply reflects dollar deposits, not insider tokens becoming tradeable.

Did USD1 run an ICO, IDO, or airdrop?

No. USD1 had no token sale, airdrop, or earning campaign — the stablecoin is distributed through exchanges and on-chain liquidity. The issuer's WLFI governance token is a separate instrument: it sold in two public rounds from October 14, 2024 to March 14, 2025 at $0.015 and $0.05 per token, raising a reported $550–590 million. WLFI also ran USD1-denominated staking rewards — a $1.25 million pool paid over 180 days — which reward WLFI stakers, not USD1 holders.

Which exchanges list USD1?

Per DropsTab data, USD1 trades across more than 90 spot markets — 5+ centralized venues and more than 60 decentralized ones, with no derivative markets tracked. Centralized coverage includes Binance, Bybit, OKX, Coinbase, Kraken, and Korean won pairs on Upbit, Bithumb, and Coinone. Decentralized liquidity runs through PancakeSwap on BNB Chain, Uniswap v3 on Ethereum, and Raydium and Meteora on Solana. Long-tail DEX pairs quote USD1 against small-cap tokens with thin liquidity.