USD1: Stablecoin Launched by Trump Crypto Project WLFI

Bittime - The crypto industry has been shocked again by the big move of a project related to United States President Donald Trump. World Liberty Financial (WLFI), a Trump-affiliated crypto project, officially launched a new stablecoin called USD1 on BNB Chain. 

This launch attracted the attention of the crypto community, especially due to the involvement of high-profile political figures and its potential impact on digital asset markets. Check out the review in this article!

What is USD1 Stablecoin?

USD1 is a stablecoin designed to have a fixed value pegged to the US dollar. Thus, USD1 aims to offer stability amidst the high volatility of the crypto market. 

This stablecoin is available on two major blockchain networks, namely Ethereum and Binance Smart Chain (BNB Chain), enabling wider adoption in various DeFi ecosystems.

Read also: Donald Trump Opens Banking Access to Crypto Companies

According to various sources, the USD1 stablecoin is now live and can be used. One proof of this activity is a transfer trial carried out by Wintermute, a well-known crypto trading company. 

This move indicates that USD1 is not just a speculative project, but has begun to undergo real-world testing.

Trump's Involvement in World Liberty Financial

World Liberty Financial (WLFI) was first announced in August as part of a digital asset portfolio developed within Trump's circle. Apart from the USD1 stablecoin, the project also involves other crypto products, including NFTs and memecoins. 

In its official document called the “gold paper”, WLFI claims it will become a center for DeFi services, including a lending platform and decentralized crypto exchange.

Read also: Donald Trump Signs Executive Order Removing Crypto Banking Policy Restrictions, Here's the Impact!

Although WLFI has not officially announced the launch of USD1, the involvement of Changpeng Zhao (CZ), former CEO of Binance, has provided indirect validation. CZ shared a link to the stablecoin with his more than 10 million followers on X (formerly Twitter). 

Shortly after, the official World Liberty Financial account responded with a warning to users to be careful of fraud. This confirms that USD1 is not currently available for trading.

FAQ

1. What is USD1 stablecoin?

USD1 is a stablecoin pegged to the US dollar and runs on the Ethereum network and BNB Chain. This stablecoin aims to bring stability to the crypto ecosystem.

2. Who is behind the USD1 project?

USD1 is part of the World Liberty Financial (WLFI) project, which is affiliated with former US President Donald Trump.

3. Can USD1 be traded?

Currently, USD1 is not yet available for trading. Users are advised to follow the official World Liberty Financial account to get the latest information.

4. Is USD1 safe to use?

Because it is still in the early stages, users must be careful when transacting with USD1. Make sure to only follow official information from WLFI to avoid fraud.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

Fortune, Donald Trump’s crypto business launched a dollar coin called USD1: What we know so far, accessed March 25, 2025.

The Defiant, Trump’s World Liberty Launches Stablecoin $USD1 on BNB Chain with Test Transfers by Wintermute, accessed March 25, 2025.

Author: Y