Trump-Affiliated Group Launches USD1 Stablecoin on Ethereum & BSC
A Trump-linked decentralized finance group, World Liberty Financial, has introduced USD1, a dollar-backed stablecoin pegged 1:1 to the US dollar. Fully reserved with short-term US Treasuries, cash, and bank deposits, USD1 aims to combine DeFi's speed with traditional financial asset stability.
Coinccino 
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 .
