World Liberty Financial, backed by Donald Trump, has launched a US dollar-pegged stablecoin with a total supply of over $3.5 million.
USD1 Stablecoin Launch Details
According to data from Etherscan and BscScan, the project launched the World Liberty Financial USD (USD1) token in early March. Former Binance CEO Changpeng 'CZ' Zhao noted that the project's smart contract was deployed on the BNB Chain and Ethereum. Despite the token's launch, World Liberty stated that the stablecoin is 'not currently tradeable'.
Regulatory Aspects and Potential Conflicts of Interest
In the context of the GENIUS bill, which is being promoted in the US to regulate stablecoins, Bo Hines, executive director of the President’s Council on Digital Assets, expects the bill to be on Trump's desk by June. The World Liberty project is also facing criticism for potential conflicts of interest, considering the influence of the Trump family on the company.
Stablecoin Market Situation
The launch of World Liberty is associated with the global growth trend of the stablecoin market. From February 2024 to February 2025, the number of active stablecoin wallets increased by more than 50%, and the total market capitalization exceeded $200 billion.
The emergence of a new player in the stablecoin market, supported by influential figures like Donald Trump, adds intrigue and attracts attention from both the public and regulators.
