World Liberty Financial USD

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LAST UPDATED:
September 1, 2025

USD1 is a stablecoin redeemable on a 1:1 basis for the U.S. Dollar (USD). USD1 is 100% backed by a reserve containing short term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents.

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Background

USD1’s creation and management involve a partnership between BitGo and World Liberty Financial.

  • BitGo handles the technical and financial side of USD1. This includes holding all of the reserve assets that back the coin, as well as managing the initial purchase and redemption process. BitGo is a federally registered money services business and state-licensed money transmitter.
  • World Liberty Financial owns the USD1 brand and provides certain services. This company is a decentralized finance (DeFi) and cryptocurrency firm founded in 2024. A business entity affiliated with Donald Trump and his family owns 60% of World Liberty Financial.

Launch

USD1 launched in April 2025.

How does it work?

Every USD1 in circulation is backed 1:1 by assets held in reserve by BitGo, primarily in U.S. government money market funds and other cash equivalents. USD1's reserves will be periodically examined by an independent third-party firm to confirm that every issued and outstanding USD1 is backed by an equivalent amount of reserve assets.

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