Trump-Backed WLFI Launches USD1 Stablecoin with BitGo Backing

World Liberty Financial Inc. (WLFI), the developer of a decentralized finance (DeFi) protocol inspired by former U.S. President Donald J. Trump, has officially launched USD1—its first stablecoin product designed for institutional use.

The company confirmed the news following weeks of speculation within the blockchain community, with on-chain data previously hinting at activity linked to USD1’s contract on the BNB Smart Chain.

USD1 is pegged 1:1 to the U.S. dollar and is backed entirely by short-term U.S. Treasuries, dollar deposits, and other high-quality liquid assets. The stablecoin will initially be issued on the Ethereum and Binance Smart Chain (BSC) networks, with plans to expand to additional blockchains in the near future.

The product is tailored for institutional and sovereign investors seeking a reliable on-chain dollar alternative—especially in contrast to algorithmic or undercollateralized stablecoins. WLFI has emphasized transparency and regulatory-grade oversight, noting that USD1’s reserves will undergo regular third-party audits to ensure full collateral backing.

“USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi, underpinned by the credibility and safeguards of the most respected names in traditional finance,” said Zach Witkoff, co-founder of WLFI. He added that the company is focused on enabling secure, seamless cross-border transactions without compromising on transparency or stability.

To further bolster institutional confidence, WLFI has partnered with BitGo, one of the world’s largest qualified custodians for digital assets. BitGo will safeguard USD1’s reserves and support liquidity and trading through its prime brokerage arm, BitGo Prime. The firm, which services clients across multiple jurisdictions, brings regulated custody and insurance protections to the table.

Mike Belshe, CEO of BitGo, welcomed the launch as a meaningful advancement for the digital asset space. “Our clients demand both security and efficiency,” he said. “This partnership with WLFI delivers both—combining deep liquidity with the assurance that reserves are securely held and managed within regulated, qualified custody.”

WLFI’s approach deliberately avoids complex, yield-generating mechanisms that have contributed to instability in other stablecoin models. Instead, the company is betting on a conservative, transparent structure as the foundation for broader adoption in institutional finance.

With the launch of USD1, WLFI joins a growing group of players attempting to bridge traditional finance and decentralized ecosystems—while betting that trust, auditability, and compliance will be key to the next chapter of stablecoin evolution.