14.04.2025 14:44
World Liberty Financial has launched the USD1 stablecoin on Ethereum and BSC without an official announcement. This token, part of the new project backed by Donald Trump, quickly reached a trading volume exceeding 140 million dollars.
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The financial company of U.S. President Donald Trump, World Liberty Financial Inc. (WLFI), has launched its new stablecoin named USD1 without a major launch event. The token, active on the Ethereum and Binance Smart Chain (BSC) networks, achieved significant trading volume shortly after its release. This quiet launch and the backing of the stablecoin by U.S. Treasury assets have also sparked some debates.
Launch of Trump-Linked USD1 Stablecoin Announced
According to CoinMarketCap data, the trading volume of USD1 increased by over 6,700% in the last 24 hours, surpassing $140 million. The market capitalization of the stablecoin is currently around $128 million. The USD1 logo has already become visible on major platforms like Binance and CoinMarketCap.
Blockchain analysts first detected the deployment of a USD1 smart contract on Binance Smart Chain on March 24. At that time, activities were observed to be limited to test network transactions conducted with wallets associated with the crypto market maker Wintermute. WLFI confirmed its launch plans for USD1 on March 25 but did not provide information on a specific release date or exchange listing.
The actual mainnet launch is believed to have occurred around April 12. On this date, the first USD1 liquidity pools were created on decentralized exchanges Uniswap V3 and PancakeSwap V3. However, WLFI has not yet officially announced a listing on a centralized exchange. This strategic silence is thought to allow the company to test its market traction and infrastructure under real-world conditions.
U.S. President Donald Trump's connections to USD1, which is backed by U.S. Treasury bonds, cash, and equivalents, and works with BitGo as a custodian, have raised concerns among both lawmakers and financial analysts.
During the April 2 session of the House Financial Services Committee focused on stablecoin regulation, Democratic Representative Maxine Waters suggested that Trump might intend to use USD1 to replace the U.S. dollar in government functions. Waters stated, "Trump likely wants the entire government to use stablecoin, from payments made by the Department of Housing and Urban Development to Social Security payments and tax payments. So which coin do you think Trump will use instead of the dollar? Of course, his own."
Ari10 CEO Mateusz Kara stated in a statement that Trump's support for USD1 aims to create a new channel for global U.S. debt distribution rather than adopting the cryptocurrency world. Kara said, "I don't really believe in Trump's sudden love for stablecoins and blockchain. The main goal of strengthening the stablecoin market is to make the world a new and buying market for U.S. bonds."
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