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Cryptocurrency News Articles

USD1, the stablecoin powering Donald Trump's World Liberty Financial DeFi platform, has been listed on Bitget

May 27, 2025 at 05:09 pm

The stablecoin powering Donald Trump's World Liberty Financial DeFi platform, USD1, has been listed on Bitget in a latest boost for the US Dollar-backed asset.

USD1, the stablecoin powering Donald Trump's World Liberty Financial DeFi platform, has been listed on Bitget

Stablecoin USD1, the token powering Donald Trump’s World Liberty Financial DeFi platform, has been listed on Bitget in a latest boost for the US Dollar-backed asset.

As Bitcoin continues to flirt with a fresh all-time high, Stablecoins are quickly becoming the narrative of this coming bull market.

New Listing #USD1 by @worldlibertyfi

⏰Available time: May 26, 10:00 AM (UTC)

Pairs: USD1/USDT; USD1/USDC

Deposit available: now

Trade available: May 26, 10:00 AM (UTC)

Details:https://t.co/nVFIt7TBhLpic.twitter.com/pelFdaeJJN

— Bitget (@bitgetglobal) May 26, 2025

The USD1 stablecoin is backed by short-term US government treasuries and is custodied by BitGo, with plans to expand beyond Ethereum and BNB Smart Chain in the near future.

It was launched by the Trump family-backed World Liberty Financial last month and has enjoyed huge growth and adoption across crypto in that short space of time.

Not only has it received multiple CEX listings such as Bitget, KuCoin and MEXC, which culminated in a Binance listing on May 22, a number of web3 DeFi platforms have even switched liquidity pool pairs from USDT/USDC to USD1.

Dolomite is one such example, the DeFi protocol announcing on Memorial Day yesterday in the US that it was upgrading its primary Ethereum Mainnet liquidity pool to $DOLO/$USD1.

Earlier this month, World Liberty Financial also announced integration with Chainlink’s CCIP (cross-chain interoperability protocol) to expand the reach of USD1 across multiple blockchains.

At the time of the CCIP integration announcement, Chainlink Co-Founder Sergey Nazarov said the following;

“I’m very excited about the great work that WLFI has done on USD1, and we are thrilled about them selecting Chainlink CCIP as their chosen cross-chain solution for USD1. World Liberty Financial is doing important work to bring DeFi to both everyday users and major institutions.”

Per DefiLlama, the unprecedented growth from USD1 in just six weeks has seen it quickly become the 7th largest stablecoin, with $2.15bn in market cap. The World Liberty Financial stablecoin sits behind BlackRock’s $BUIDL with $2.9bn, Sky Dollar $USDS $3.7bn, Dai $DAI $4.5bn, Ethena $USDe $5.22bn, USDC $61bn and market leader USDT with $153bn.

(DEFILLAMA)

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Other articles published on Jun 05, 2025