Question 1

What is the World Liberty Financial?

Accepted Answer

World Liberty Financial is a decentralised finance (DeFi) platform founded in 2024 and incorporated in Delaware, USA. The project presents itself as a governance and asset management protocol designed to challenge traditional financial institutions, using stablecoins and token-based governance mechanisms.

World Liberty Financial draws substantial attention due to its high-profile affiliations. It is promoted as being inspired by the economic vision of Donald J. Trump and makes extensive use of related branding. The platform’s stated mission is to increase the adoption of dollar-backed stablecoins as a tool for strengthening the US dollar’s role in digital finance. The project also targets political and financial audiences aligned with these themes.

The World Liberty Financial platform consists of two major components:
1. **USD1** – a fiat-backed stablecoin pegged to the US dollar.
2. **WLFI** – a governance token that provides voting rights within the platform but is non-transferable at launch.

The operational entity behind the project is **World Liberty Financial Inc.**, which is majority owned by **WLF Holdco LLC**, itself 60% controlled by **DT Marks DEFI LLC**, an entity linked to Donald J. Trump. The token sale structure and revenue flows further tie the project financially to Trump-affiliated entities. BitGo acts as the infrastructure and custody provider for the stablecoin component of the project.

Question 2

What is World Liberty Financial USD (USD1)?

Accepted Answer

World Liberty Financial USD (USD1) is a fiat-backed stablecoin issued by World Liberty Financial Inc. It is designed to maintain a 1:1 peg with the US dollar and operates on the Ethereum and BNB Smart Chain networks.

USD1 is issued separately from the WLFI governance token, and it does not appear prominently on the official project website. Instead, information about the stablecoin is distributed through press releases and materials associated with **BitGo**, the designated custody and infrastructure provider.

Question 3

What is USD1 used for?

Accepted Answer

USD1 is intended to serve as a stable digital dollar for institutional use cases. Its stated utility includes:
- Facilitating **cross-border transactions** with minimal friction.
- Providing a **stable digital asset** for integration into institutional financial operations.
- Serving as a **low-volatility settlement token** within decentralised financial ecosystems.

USD1’s primary audience is sovereign investors, large institutions and asset managers. The stablecoin does not target retail users and does not incorporate complex DeFi mechanisms such as algorithmic stability or incentivised yield farming. Instead, the focus is on reliability, conservatism, and compatibility with traditional financial infrastructure.

Question 4

How does USD1 maintain its peg?

Accepted Answer

USD1 maintains its peg to the US dollar through 1:1 backing by the following reserve assets:
- **Short-term US Treasury securities**
- **USD cash deposits**
- **Other USD-equivalent instruments**

These reserves are custodied by **BitGo**, a qualified and independent digital asset custodian. BitGo’s responsibilities include:
- Holding and safeguarding the reserve assets.
- Facilitating token issuance (minting) and redemption (burning).
- Operating daily reconciliation systems.

Public statements from the issuer claim that the reserves will be **audited regularly by a third-party accounting firm**, although:
- No auditor has been named.
- No audit reports or attestations have been published.
- One statement suggests the auditor will remain unnamed.

This lack of publicly verifiable reserve data distinguishes USD1 from other stablecoins that provide monthly attestation reports (e.g., USDC). BitGo’s internal reconciliation, while operationally relevant, is not equivalent to an independent third-party audit.

Question 5

Who created and maintains USD1?

Accepted Answer

USD1 is issued and managed by **World Liberty Financial Inc.**, with operational control shared between key individuals and entities:
- **Zach Witkoff**, **Zachary Folkman** and **Chase Herro** are listed as co-founders and operational leads.
- **Eric Trump** is reported to be a board manager at **WLF Holdco LLC**, the majority owner of WLFI Inc.
- The overarching holding structure involves **DT Marks DEFI LLC**, which has both financial and governance influence over the WLFI ecosystem.

BitGo provides the technical and custodial infrastructure that enables issuance and redemptions, as well as liquidity support through BitGo Prime. BitGo is not the issuer of USD1 but plays a central role in its operational model.

The project has also received investment from crypto entrepreneur **Justin Sun**, who contributed a significant amount to the WLFI token sale. Although not directly involved in USD1's issuance, his early funding helped bring attention to the overall platform.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	USD1-USDT USD1USDT	binance	AA	0.9999USDT	0.00%	49,647,892.00USD1	157,016	0.9999USDT	1.00USDT
2	USD1-USDC USD1USDC	binance	AA	0.9989USDC	0.01%	6,437,813.00USD1	18,453	0.9988USDC	0.9989USDC
3	USD1-USDT USD1USDT	bybit	A	1.00USDT	0.01%	4,198,856.94USD1	996	0.9999USDT	1.00USDT
4	USD1-U USD1U	binance	AA	0.9995U	0.00%	2,073,434.00USD1	13,902	0.9995U	0.9997U
5	USD1-USDT USD1_USDT	whitebit	BB	0.9999USDT	0.01%	750,085.00USD1	18,931	0.9998USDT	1.00USDT
6	USD1-USDT USD1_USDT	gateio	A	1.00USDT	-0.01%	422,752.48USD1	1,223	1.00USDT	1.00USDT
7	USD1-USDC USD1_USDC	whitebit	BB	0.9994USDC	0.11%	241,459.00USD1	297	0.9983USDC	0.9996USDC
8	USD1-USDC USDCUSD1	bybit	A	0.9988USDC	0.00%	44,784.50USD1	325	0.9988USDC	0.9989USDC
9	USD1-TRY USD1TRY	binance	AA	49.69TRY	-0.02%	35,173.00USD1	306	49.70TRY	49.71TRY
10	USD1-USD USD1-USD	coinbase	AA	0.9986USD	0.01%	15,644.13USD1	94	0.9985USD	0.9988USD
11	USD1-USDT USD1USDT_SPBL	bitget	BB	0.9999USDT	0.01%	12,688.21USD1	230	0.9999USDT	0.9999USDT
12	USD1-USDC USDC_USD1	gateio	A	0.9989USDC	0.03%	5,116.02USD1	5	0.9986USDC	0.9989USDC
13	USD1-USDC USD1USDC_SPBL	bitget	BB	0.9988USDC	0.04%	1,875.90USD1	143	0.9984USDC	0.9988USDC
14	USD1-USDC USD1USDC	kraken	AA	0.9989USDC	0.00%	1,493.60USD1	3	0.9989USDC	0.9989USDC
15	USD1-USDT USD1-USDT	kucoin	BB	0.9999USDT	0.00%	1,297.50USD1	111	0.9999USDT	1.00USDT
16	USD1-USDT USD1-USDT	okex	A	0.9999USDT	0.00%	752.55USD1	9	0.9999USDT	1.00USDT
17	USD1-USD USD1USD	kraken	AA	0.9987USD	0.02%	565.15USD1	7	0.9985USD	0.9987USD
18	USD1-USD USD1_USD	cryptodotcom	AA	0.9987USD	0.00%	0USD1	0	0.9987USD	0.9987USD
19	USD1-USDT USD1USDT	cexio	BB	1.00USDT	0.00%	16.50USD1	1	0.9999USDT	1.00USDT
20	USD1-USD usd1usd	gemini	A	0.9993USD	0.00%	5.00USD1	1	0.9993USD	0.9993USD
21	USD1-USDT usd1_usdt	digifinex	D	0.9999USDT	0.02%	18,889,549.50USD1	68,002	0.9997USDT	1.00USDT
22	USD1-USDT USD1USDT	bitrue	D	1.00USDT	0.00%	9,386,312.10USD1	145,757	1.00USDT	1.00USDT
23	USD1-USDT sUSD1USDT	phemex	C	0.9991USDT	-0.13%	4,571,164.50USD1	6,868	1.00USDT	1.00USDT
24	USD1-THB THB_USD1	bitkub	C	33.98THB	1.34%	4,193,780.65USD1	999	33.53THB	34.04THB
25	USD1-USDT usd1_usdt	xtpub	-	0.9999USDT	0.00%	2,479,643.01USD1	11,306	0.9999USDT	1.00USDT
26	USD1-USDT USD1USDT	mexc	C	0.9999USDT	0.00%	1,998,130.31USD1	15,384	0.9999USDT	1.00USDT
27	USD1-USDT USD1_USDT	p2pb2b	D	0.9999USDT	0.00%	1,822,017.00USD1	12,040	0.9999USDT	1.00USDT
28	USD1-USD USD1-USD	btse	-	0.9992USD	0.02%	1,266,020.79USD1	14,700	0.9990USD	0.9996USD
29	USD1-USDT USD1-USDT	bingx	D	0.9997USDT	-0.02%	1,257,469.00USD1	90,405	0.9999USDT	1.00USDT
30	USD1-USDT USD1_USDT	coinw	-	1.00USDT	0.00%	1,201,436.46USD1	11,804	1.00USDT	1.00USDT
31	USD1-USDT usd1_usdt	lbank	C	0.9999USDT	0.00%	1,135,366.00USD1	45,742	0.9999USDT	1.00USDT
32	USD1-USDT USD1USDT	toobit	C	0.9999USDT	0.00%	563,937.00USD1	17,266	0.9999USDT	1.00USDT
33	USD1-USDT USD1-USDT	btse	-	1.00USDT	0.03%	425,940.65USD1	7,595	0.9998USDT	1.00USDT
34	USD1-USDT USD1_USDT	bydfi	-	0.9999USDT	0.01%	180,794.46USD1	8,317	0.9998USDT	1.00USDT
35	USD1-USDT USD1_USDT	bitunix	C	0.9999USDT	0.00%	115,587.00USD1	28,194	0.9999USDT	1.00USDT
36	USD1-USDC USD1-USDC	btse	-	0.9993USDC	0.01%	60,182.32USD1	1,634	0.9992USDC	0.9994USDC
37	USD1-USDC USD1USDC	mexc	C	0.9988USDC	-0.01%	58,641.69USD1	3,182	0.9989USDC	0.9990USDC
38	USD1-USDC USD1_USDC	cryptology	D	0.9987USDC	-0.06%	38,869.00USD1	1,472	0.9993USDC	0.9999USDC
39	USD1-USDT USD1_USDT	cryptology	D	1.00USDT	0.09%	38,893.00USD1	1,457	1.00USDT	1.00USDT
40	USD1-KRW KRW-USD1	upbit	B	1,342.00KRW	0.00%	22,736.27USD1	649	1,342.00KRW	1,348.00KRW
41	USD1-KRW USD1_KRW	bithumbkorea	-	1,338.00KRW	-0.67%	2,302.53USD1	12	1,347.00KRW	1,348.00KRW
42	USD1-KRW USD1_KRW	coinone	C	1,312.00KRW	-1.35%	2,089.41USD1	11	1,330.00KRW	1,340.00KRW
43	USD1-USDT USD1USDT	hitbtc	E	1.00USDT	0.00%	0USD1	0	1.00USDT	1.00USDT
44	USD1-USDT USDT-USD1	upbit	B	0.9835USDT	0.00%	0USD1	0	0.9835USDT	0.9835USDT
45	USD1-USDT USD1USDT	binanceusa	B	0.8729USDT	0.00%	0USD1	0	0.8729USDT	0.8729USDT
46	USD1-BRL USD1-BRL	mercadobtc	C	5.04BRL	0.00%	0USD1	0	5.04BRL	5.04BRL