The post Trump-Backed World Liberty Financial Launches USD1 Stablecoin appeared on BitcoinEthereumNews.com.

Story Highlights Trump-backed WLFI launches USD1 stablecoin for institutional investments. USD1 will launch on Ethereum and Binance Smart Chain. BitGo to provide custody and liquidity support for USD1. World Liberty Financial Inc. (WLFI), a crypto project linked to the Trump family, has announced the launch of a new stablecoin called USD1. The digital currency has been created to deliver safe and reliable investing options for institutions. USD1 owns its full value through U.S. Treasury bills as well as cash deposits together with liquid assets. The project targets developing a dependable digital money that functions as a global transaction instrument while eliminating algorithmic stablecoin vulnerabilities. World Liberty Financial Promises Transparency and Security with USD1 Stablecoin USD1 stablecoins will originate from the Ethereum network and Binance Smart Chain (BSC) platform at launch and will later include new blockchain platforms in their expansion plans. The WLFI platform seeks to deliver an approach which offers clear transparency together with investor confidence to its users. The stable cryptocurrency exchange ratio of USD1 matches exactly the value of a U.S. dollar. The amount of circulating USD1 will match a corresponding value of reserves maintained in secure locations. BitGo, a leading digital asset custodian company, will serve as the custodian of the USD1 reserves. The platform BitGo maintains an excellent reputation for its robust security measures and professional-grade reserve storage. The company protects digital assets for thousands of clients spaced throughout the world. BitGo Prime operates as an investment brokerage which enables USD1 transactions through its deep liquidity connections as well as efficient trading services. The partnership enhances investor confidence and security regarding USD1 because investors can now choose to hold this digital asset. Zach Witkoff from WLFI explained how USD1 distinguishes itself from other stablecoins by providing solid financial backing while maintaining full asset transparency. The…

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Filed under: News - @ March 25, 2025 9:20 pm