World Liberty Financial of Trump to Introduce USD1 Stablecoin Backed by U.S. Treasuries

Mar 27, 2025 08:00 pm Cryptocurrency 45

Key Takeaways:

World Liberty Financial (WLF) to introduce USD1, a stablecoin supported by U.S. Treasuries linked to the U.S. dollar.

WLF funded the initiative by selling its $WLFI token, which brought around $550 million.

USD1 faces stiff competition from current stablecoins such as Tether (USDT) and USD Coin (USDC).

World Liberty Financial (WLF), a cryptocurrency initiative connected to U.S. President Donald Trump, announced plans to build USD1, a completely supported stablecoin. The firm claimed U.S. Treasuries, cash, and currency equivalents would back the new digital asset. The action follows WLF’s sale of its native token, $WLFI, which netted more than $550 million.