Yesterday (March 25), the Donald Trump-backed World Liberty Financial (WLFI) announced plans to launch its USD1 stablecoin, reportedly backed 1:1 with the US Dollar.
It is being launched initially on the BNB Smart Chain, although Binance founder CZ confirmed it is not owned by BNB Chain or Binance entities.
I was told since this post, a lot of scammers created coins with the same name.
The official USD1 is not tradable yet.
Please do not fall for the scams. 🙏 https://t.co/MU2nmrIts7
— CZ 🔶 BNB (@cz_binance) March 24, 2025
World Liberty Financial Confirms Launch Of Its USD1 Stablecoin
In yesterday’s press release, World Liberty Financial confirmed the creation of USD1, a fully USD-backed stablecoin maintaining a value of 1 USD per token.
WLFI stated that the stablecoin will be 100% backed by United States (US) deposits, short-term treasury bonds, and other cash equivalents. USD1 tokens will launch first on BNB Smart Chain (BSC), then Ethereum (ETH), before integrating on other blockchains over time.
Zach Witkoff, co-founder of WLFI, said in the press release, “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.”
The World Liberty Financial team also stated that USD1 will be free from complicated yield-generating mechanisms. It wishes to provide a transparent product offering the necessary stability and security to attract institutional participants.
WLFI has chosen financial services firm BitGo as its custodian for the 1:1 USD reserves required to maintain its USD1 stablecoin. BitGo has close ties with the founder of Tron (TRX), Justin Sun.
This is the stablecoin that institutions have been waiting for.@WorldLibertyFi’s USD1 brings together the strength of U.S. Treasuries, the transparency of full audits, and the security of BitGo’s custody and prime services.
It’s not just stable — it’s built to move at the… pic.twitter.com/6MDnEuHlHL
— BitGo (@BitGo) March 25, 2025
USD1 Stablecoin From World Liberty Financial Just One Part Of Its Wider DeFi Expansion Plans
The stablecoin announcement comes after WLFI led multiple test transactions using the USD1 token on the BNB Smart Chain on Monday (March 24). On-chain data shows that the DeFi platform also carried out test transactions using leading crypto market maker Wintermute’s public wallets.
(WLFI)
Launching the USD1 stablecoin is reportedly one of three big upcoming financial products from WLFI. Another of the products is an on-chain lending and borrowing marketplace designed to improve liquidity and expand stablecoin use in DeFi.
WLFI’s move to launch a stablecoin aligns with its stated objective of being a leader in DeFi, given its partnerships with several crypto projects.
The company recently announced a collaboration with Layer-1 blockchain, Sui (SUI) to explore DeFi product development opportunities. It also has significant partnerships with web3 leaders such as Ondo Finance, Chainlink and Aave to explore integrating tokenized assets to enhance its DeFi offerings.
BONUS: Best Wallet (BEST) Presale Smashes $11.4m With Its TGE Rumored To Be Soon
Best Wallet (BEST) has had an incredible presale thus far as it has just blasted past $11.4m in funding. There are rumors of the presale coming to a close soon and a TGE across multiple DEX’s and possibly even a top-tier CEX could be coming sooner rather than later.
This new Web3 wallet has an app available on both Google and Apple app stores and is seeing hundreds of daily downloads. Alongside the wallet usage surging each day, the BEST presale also continues to see healthy daily inflows.
The most recent wave of presale investment comes on the back of a recent software upgrade, making Best Wallet fully multi-chain. Alongside a huge security update, the app now supports native Bitcoin support. Users can store all tokens within the biggest ecosystems, including Ethereum, Tron, Solana, Cardano, BNB Chain and many more.
Best Wallet has incredible features that cannot be found in other notable wallets such as MetaMask and Trust Wallet. Directly from within the app, users can trade, stake, game, bet, while leveraging a host of DeFi protocols.
Another exciting feature for Best Wallet users is the launch of an upcoming crypto debit card. With it, users can spend their crypto anywhere in the world that accepts Apple or Google Pay.
Currently, the Best Wallet app’s most popular feature is its ‘Upcoming Tokens’ feature. Within the app, users can participate in carefully curated presales at phase 0, a benefit normally afforded to just insiders and VC’s.
Check Out The Best Wallet Presale Today
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Donald Trump's World Liberty Financial DeFi platform announces the launch of its USD1 stablecoin
- USD1 will be backed 1:1 with USD with BitGo acting as custodian for its reserves
- This stablecoin offering is part of a larger DeFi expansion from WLFI with a lending and borrowing marketplace also on the way
- Best Wallet (BEST) is going from strength to strength as it smashes $11.4m in early stage funding. It is rumored to be ending soon meaning time is running out to grab BEST at presale prices
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