Trump’s World Liberty Plans Stablecoin Launch

World Liberty Financial Inc., the developer of a cutting-edge DeFi protocol inspired by President Donald J. Trump, announced plans to launch USD1, a stablecoin redeemable 1:1 with the US dollar.

USD1 will be fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, tokens will be minted on the Ethereum and Binance Smart Chain blockchains, with expansion to other networks planned.

Each token aims to maintain a value of $1 USD, supported by a reserve portfolio regularly audited by a third-party accounting firm.

“USD1 offers what algorithmic and anonymous crypto projects cannot—access to the power of DeFi with the credibility and safeguards of respected names in traditional finance,” said Zach Witkoff, WLFI co-founder. “We’re providing a digital dollar stablecoin that sovereign investors and major institutions can confidently incorporate for seamless, secure cross-border transactions.”