Introduction
World Liberty Financial (WLF) has launched a stablecoin called USD1 on the BNB Chain. WLF is a cryptocurrency company backed by former President Donald Trump.
There has been no official announcement from WLFI. However, Changpeng Zhao (CZ), the former CEO of the Binance exchange, shared a link to the token on social media. This drew significant attention from the community.
Market Context
The launch of USD1 comes as U.S. lawmakers review the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. This bill aims to establish a legal framework for stablecoins. The Senate Banking Committee approved the bill on March 13. It is expected to go to a full vote soon.
Bo Hines, CEO of the Presidential Advisory Council on Digital Assets, predicts that the GENIUS Act will reach President Trump’s desk by June.
Details about USD1 Stablecoin
USD1 is a cryptocurrency designed to maintain a stable value by being pegged to the U.S. dollar. It was created to compete with leading stablecoins like USDT (Tether) and USDC (USD Coin).
USD1 is currently active on both the BNB Chain and Ethereum. However, the project has yet to publish any official documentation regarding how the stablecoin is managed or backed by real assets. World Liberty Financial also stated that USD1 is “not yet tradable at this time.”
According to BscScan data, the USD1 smart contract was deployed about 20 days ago, and over 10,000 transactions have been recorded since then.
Notably, the launch of USD1 on the BNB Chain comes amid rumors that the Trump family has been in negotiations with Binance about acquiring shares in the exchange and the potential for a presidential pardon for Changpeng Zhao. However, CZ has denied any agreements between Binance.US and Trump.
About World Liberty Financial
World Liberty Financial (WLF) was launched in September 2024 with the goal of offering decentralized financial services (DeFi), including lending and investing, on blockchains such as Ethereum and Solana.
According to publicly available documents, WLF’s token distribution is as follows:
- 63% allocated for public sales
- 17% for user rewards and community incentives
- 20% held by the founding team and advisors
However, many investors have raised concerns about WLF’s decentralization, as a large portion of ownership remains with the founding team and major investors.
Conclusion
The launch of USD1 comes at a time when the stablecoin market is expanding rapidly, with the total market capitalization surpassing $200 billion in January 2025.
However, ties to the Trump family and potential legal concerns could present challenges for USD1’s acceptance and growth in the future. Some experts believe that Trump and his family’s majority ownership of the project could lead to stricter regulatory scrutiny. Additionally, the relationship between WLF and Binance remains a controversial topic.
This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before participating in any cryptocurrency project, especially those involving political and regulatory risks.
