Supported by former US President Donald Trump, World Liberty Financial explained details about Stabilcoin, which he has long been planning to launch. The newly announced USD1 token will be supported by US dollar and short -term US treasury bonds.
According to the recent blog post, the USD1’s value will be fixed to USD $ 1 and the reserve portfolio will be regularly inspected by an independent audit company.
Stock market agreements were made
USD1’s storage services will be provided by Bitgo, who exports WRAPPED Bitcoin (WBTC) worth $ 11 billion. WBTC is known as the most widely used Bitcoin version in the centralized finance ecosystem.
World Liberty Financial did not respond to requests for comments on the subject. However, some operations last week indicate that USD1 was tested. As we have quoted as Kriptokoin.com, Binance founder Changpeng Zhao (CZ) warned the crypto community on the subject. These transactions include crypto market maker Wintermute’s wallets. Wintermute CEO Evgeny Gaevoy did not comment on the subject.
Open to transactions in the new Stablecoin Ethereum and BNB Chain
World Liberty Financial is planned as a defi protocol built on the Ethereum network. The project, which has not yet been officially activated, will allow users to lend and give assets such as Ethereum (ETH).
USD1 tokens will initially be exported on Ethereum and BNB Chain. Bitgo’s Chief Instrument Institution will also support USD1 and facilitate the access of corporate investors to this stabilcoine.
Trump and his family support the project
Although World Liberty Financial does not directly belong to Donald Trump and his family, former president and three sons actively support the project. It is stated that family members have a large amount of WLFI management token and that the project will receive a share of the revenues of the future in the future.
Bitgo and bit global tension
Bitgo has recently become controversial at the defi ecosystem. In October, the company handed over WRAPPED Bitcoin’s control to a joint attempt with Bit Global. Bit Global is on the agenda with allegations that it is linked to Tron Founder Justin Sun.
It is claimed that Sun manages Trueusd Stabilcoin through the Chinese -based Techteryx company. In 2023, Techteryx resigned after Trueusd’s control of Trueusd’s previous executives and stabilcoin’s reserve evidence was removed. These developments caused Trueusd to lose its fixed value from time to time. Sun rejected the allegations that it was linked to Trueusd or Techteryx.
Legal Struggle with Coinbase
Sun was one of the largest management tokens of World Liberty Financial by investing $ 75 million at the beginning of 2025. However, Bit Global filed a lawsuit against Coinbase in December, claiming that the stock market had removed the WRAPPED Bitcoin (WBTC) from the list and highlighted its own version of CBBTC.
Coinbase argued that Sun’s uncertain connections with Bit Global and WBTC violated the stock market “security and legality” standards. Coinbase lawyers said Sun was accused of financial irregularities and faced many cases.
Bit Global’s lawyer said they were determined to carry the case to the court. Sun did not comment on Coinbase’s charges.
