World Liberty Financial (WLF) plans to introduce USD1, a stablecoin backed by U.S. Treasuries linked to the U.S. dollar.WLF funded the initiative by selling its $WLFI token, raising over $550 million.USD1 faces competition from existing stablecoins like Tether (USDT) and USD Coin (USDC).USD1 aims to offer a safe and convenient option for cross-border transactions and is set to launch on Ethereum and Binance Smart Chain (BSC) networks.