Former President Donald Trump-backed World Liberty Financial (WLFI) introduces USD1, a stablecoin pegged to the U.S. dollar, on Ethereum and BNB Chain blockchains.
USD1's deployment on Ethereum and BNB Chain leverages the strengths of both networks, enhancing cross-chain liquidity and adoption.
WLFI collaborates with market maker Wintermute and crypto custodian BitGo to ensure stability, credibility, and secure storage solutions for USD1.
Despite its launch, USD1 is currently not tradeable as WLFI addresses regulatory compliance, emphasizing reliability and market positioning.