Confirming online speculation, World Liberty Financial Inc. has announced the launch of USD1, a stablecoin redeemable 1:1 for the U.S. dollar and fully backed by short-term U.S. Treasuries, cash deposits, and other equivalents.
USD1 will initially launch on Ethereum (ETH) and Binance (BNB) Smart Chain, with plans to expand to additional blockchains, according to a note shared with crypto.news.
WLFI positions USD1 as a stable, institution-friendly alternative to algorithmic and undercollateralized stablecoins. The company emphasized transparency, with third-party audits ensuring reserves match the token’s circulating supply.
This news confirms speculation that WLFI had launched its USD1 stablecoin on BNB Chain, with blockchain analytics detecting interactions between its contract and a wallet linked to Wintermute.
Despite the deployment occurring around three weeks ago, neither World Liberty Financial…
