World Liberty Financial Launches USD1 Stablecoin Backed by US Treasuries and Dollar Reserves

The post World Liberty Financial Launches USD1 Stablecoin Backed by US Treasuries and Dollar Reserves appeared first on Coinpedia Fintech News

Trump’s crypto venture World Liberty Financial Inc. (WLFI), a rising force in decentralized finance (DeFi), has announced the launch of its new stablecoin, USD1. This digital asset will be fully backed by US treasuries, dollar deposits, and cash equivalents, ensuring a strong foundation of stability.

USD1 is designed to maintain a 1:1 peg with the US dollar and will first be available on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The company also plans to expand to other networks in the future.