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Cryptocurrency News Articles
World Liberty Financial's USD1 Stablecoin Now Moves Securely Across Blockchains via Chainlink's CCIP
May 17, 2025 at 01:51 pm
World Liberty Financial’s USD1 stablecoin now moves securely across blockchains via Chainlink’s CCIP, boosting usability and safety.
World Liberty Financial’s USD1 stablecoin, pegged to the U.S. dollar, has taken a significant step forward by becoming operable across multiple blockchain networks.
This integration was announced at Consensus 2025 by World Liberty co-founder Zak Folkman, Chainlink co-founder Sergey Nazarov, and Eric Trump, aiming to solve long-standing cross-chain security challenges that have bedeviled the industry and led to billions in user losses.
USD1’s cross-chain upgrade is designed to bridge traditional finance and DeFi, offering seamless, secure payments backed by real assets.
How USD1’s Cross-Chain Integration Works
Chainlink’s technology now enables USD1 to move easily between different blockchain networks such as Ethereum and BNB Chain. This solves a critical problem in the cryptocurrency industry, as most blockchains are not interoperable, leading to billions in losses due to hacks on cross-chain bridges.
Instead, USD1’s cross-chain movements are secured by Chainlink CCIP, a more secure and efficient system for interoperability.
USD1, launched in 2024, already boasts a $2 billion market cap and was recently used in a noteworthy $2B deal with Binance. While still smaller than Tether or Circle, USD1 is gaining trust for being backed by U.S. Treasuries and cash held by BitGo Trust.
The stablecoin has also faced scrutiny with US Senator Richard Blumenthal launching an investigation into the token and its connection to President Trump, raising concerns over potential conflicts of interest.
World Liberty Financial’s lawyers responded by vehemently denying the accusations and highlighting USD1’s role in bridging traditional finance and DeFi, a goal that both Eric Trump and Chainlink officials are working towards.
"At Consensus 2025, executives from both Chainlink and World Liberty Financial discussed the importance of interoperability in advancing the crypto industry. At the same time, Eric Trump spoke about the administration's focus on merging traditional finance with decentralized finance (DeFi) to create a more efficient and inclusive financial system."
Together, these events suggest a converging interest in removing the technical barriers that currently separate blockchains and institutions, paving the way for a more interconnected and efficient crypto ecosystem.
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