Trump-Affiliated Group Launches USD1 Stablecoin on Ethereum & BSC

he token is now live on both Ethereum and Binance Smart Chain, accommodating institutional and sovereign users seeking secure cross-border transfers and yield-flexible reserves.

Zach Witkoff, co-founder of World Liberty Financial, emphasized the institutional focus, calling USD1 a “digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies.”

 Why It Matters:

• Trust and Transparency: USD1’s reserves are managed by BitGo and audited by third parties to ensure the 1:1 peg.
• High Adoption Potential: USD1 already boasts a market cap in the billions and draws interest from state-level entities and institutions.
• Governance Concerns: Critics argue the Trump family's heavy influence and potential conflicts of interest could undermine regulatory integrity .