World Liberty Financial Inc. (WLFI) has unveiled plans to launch USD1, a fully-backed stablecoin designed for cross-border transactions, security, and compliance. 

The project merges the credibility of traditional finance with the accessibility of decentralized finance (DeFi), and is inspired by the ideology of US President Donald J. Trump, according to WLFI’s statement.

USD1 will be pegged 1:1 with the U.S. dollar and backed by short-term U.S. Treasuries, fiat deposits, and other liquid cash equivalents. WLFI says the reserve portfolio will undergo regular third-party audits to ensure transparency and trust. 

The stablecoin is initially launching on Ethereum and Binance Smart Chain (BSC), with plans for multi-chain expansion.

“USD1 provides what algorithmic and anonymous crypto projects cannot — access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” said Zach Witkoff, WLFI co-founder. 

“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.”

Custody and liquidity support for USD1 will be handled by BitGo, a prominent name in institutional-grade crypto custody. BitGo Prime, the firm’s brokerage arm, will offer deep liquidity and trading services for USD1 while ensuring that reserves are held in regulated, qualified custody with insurance protections.

“The launch of USD1 represents a significant advancement in institutional-ready digital assets,” noted Mike Belshe, CEO of BitGo. 

“Our clients demand both security and efficiency, and this partnership with WLFI delivers both — combining deep liquidity with the assurance that reserves are securely held and managed.”

The project has already begun gaining traction online. According to BSCScan, the smart contract for USD1 on Binance Smart Chain was deployed 20 days ago. Binance founder Changpeng Zhao (CZ) welcomed the stablecoin’s deployment on BSC with a post on X, simply saying: “Welcome to @BNBChain! Build!” 

USD1 arrives at a time when regulators and institutions are increasingly looking for stable, transparent digital assets with real-world backing.