USD1 is a stablecoin backed by fiat, designed to maintain a 1:1 peg with the US dollar. It was launched in March 2025 by World Liberty Financial Inc. (WLFI), a decentralized finance (DeFi) platform associated with the Trump family.
Key Features:
- Backing: USD1 is backed by short-term U.S. Treasury bonds, U.S. dollar deposits, and other cash equivalents.
- Stability: Its value is designed to remain stable, with a 1:1 peg to the US dollar.
- Transparency: The USD1 reserves are held in custody by BitGo, a provider of security and custody for digital assets.
- Use: USD1 can be used for secure and seamless cross-border transactions, instant global payments, and international transfers.
It is important to note that there are different stablecoins with the name USD1, such as Currency One USD, issued by Kinesis Global Ltd. It is essential to research and understand the characteristics and risks of each stablecoin before investing or using it.
#USD1 #USD1 #TrumpCoin #StablecoinNews #Binance #BNB #CryptoPolitics #DeFi #BinanceSquare #BNBChain #BTC #Binanceholdermmt #BinanceHODLerMorpho
