TLDR
- Under the backing of President Trump, World Liberty Financial has unveiled a stablecoin pegged to the U.S. dollar, called USD1, on the Ethereum and BNB Chain networks.
- The stablecoin currently boasts a supply of about 3.5 million on each blockchain, with active addresses including those affiliated with notable entities Wintermute and BitGo.
- According to World Liberty Financial, the stablecoin isn't available for trading yet, and they caution users about possible scams trying to exploit the buzz.
- Launching alongside the progression of the GENIUS Act in the Senate, which aims to set regulatory pathways for stablecoins.
- With a nod from former Binance CEO Changpeng Zhao, the token's release sparked interest and a slew of imitator tokens.
As a cutting-edge platform in decentralized finance, World Liberty Financial, backed by President Trump, has released a new stablecoin—USD1—on major blockchain networks, having debuted in March on Ethereum and BNB Chain.
A current supply of 3.5 million tokens marks the stablecoin’s rollout on each network, a significant milestone previously anticipated since the platform's inaugural launch.
On March 24, 2025, blockchain activity featuring the USD1 token came under analyst scrutiny as transactions surfaced widely, corroborated by data from Etherscan and BscScan.
Some transactions involved addresses tied to leading digital asset companies. Information from Arkham Intelligence shows interactions involving Wintermute and BitGo with the USD1 token.
Addressing rising public scrutiny, WLFI announced via a post on X that USD1 isn't yet available for trading and warned crypto users about potential scams.
With USD1 not yet being tradeable, users are urged to stay vigilant about scams, and to follow official channels for updates. https://t.co/msnj0zLSp7
— WLFI (@worldlibertyfi) March 24, 2025
Changpeng “CZ” Zhao, ex-CEO of Binance, brought attention to the token through a social media post highlighting the token's BscScan profile, gaining widespread visibility.
Following Zhao's post, a surge of imitation tokens emerged—seeking to capitalize on the sudden spotlight on World Liberty Financial's stablecoin release.
Welcome to @BNBChain !
Reports from BSCScan confirm that the USD1 smart contract went live around 20 days prior, sparking enthusiasm. https://t.co/qr22y4pXqE https://t.co/J0TvwEnUin
— CZ 🔶 BNB (@cz_binance) March 24, 2025
Making news previously as a pioneering crypto project supported by Trump, World Liberty Financial aims to forge a decentralized marketplace for crypto borrowing, lending, pooling, and stablecoin transactions.
Plans for a proprietary stablecoin by WLFI were previously under wraps until this formal rollout occurred.
Having conducted two public token sales since its launch, World Liberty Financial has amassed a cumulative $550 million, reflecting strong interest from investors.
As highlighted on their website, President Trump and his family hold a significant 60% stake in WLFI, raising possible conflict of interest queries amid his administration.
Trump’s Stablecoin Strategy
Amidst the Trump administration's emphasis on robust crypto regulation, the stablecoin's release coincides with the GENIUS Act making legislative strides in the Senate.
Bo Hines of the President’s Digital Assets Council anticipates the GENIUS Act potentially landing on President Trump's desk by June, paving the way for U.S. stablecoin regulation.
Treasury Secretary Scott Bessent stressed stablecoins' vital role in maintaining the dollar's global dominance.
As a rapidly expanding sector, stablecoins offer price stability pegged to outside assets like the U.S. dollar and are widely utilized for trading, payments, remittances, and savings in the digital currency space.
In the past year, the stablecoin market has grown considerably. Data from analytics sites like Artemis and Dune show a 50% rise in active stablecoin accounts between February 2024 and February 2025.
Market capitalization for stablecoins exceeded $200 billion by January 2025, with Tether (USDT) and USD Coin (USDC) leading as the most favored stablecoins.
