World Liberty Financial-branded tokens spark speculation about Trump-backed project launching stablecoin

World Liberty Financial's Tokenized Tokens Spark Speculation About Trump-Backed Stablecoin Launch

The World Liberty Financial USD token was implemented on Ethereum and BNB Chain earlier this month, and addresses associated with Wintermute and BitGo have begun interacting with the token.

Christian Sandor | Edited by Nikhilesh De , 24 Mar 2025 21:54 UTC

Key points:

• World Liberty Financial (WLFI), a decentralized finance platform backed by US President Donald Trump, is believed to be testing a dollar-backed stablecoin on the Ethereum and BNB Chain networks.
• The token, referred to as USD1, has seen increased activity, including transfers linked to digital asset trading company Wintermute and cryptocurrency custodian BitGo, with a combined supply of around 3.5 million on both networks.
• WLFI reported that USD1 is currently unavailable for trading and warned users of possible scams.

Crypto observers on Monday speculated that World Liberty Financial (WLFI), a decentralized finance platform backed by U.S. President Donald Trump and his family, may be testing its anticipated dollar-backed stablecoin before launching it to the general public.

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Earlier today, blockchain analysts noted a sharp increase in activity for a token known as World Liberty Financial USD (USD1) on blockchain monitoring platforms Etherscan and BscScan. Blockchain data indicates that USD1 was implemented earlier this month on the Ethereum and BNB Chain networks, and that multiple transactions involving the token have been recorded over the past few weeks.

Some of the transfers included addresses linked to Wintermute, a major digital asset trading and market maker, and cryptocurrency custodian BitGo, according to information from Arkham Intelligence. The token currently has a supply of about 3.5 million on Ethereum and the BNB Chain, according to data from Etherscan and BscScan.

Changpeng CZ Zhao, the founder of cryptocurrency exchange Binance, brought attention to the token by “welcoming” the project to the BNB Chain in a post with the profile picture of USD1 BscScan, which he shared with his 10 million followers. He later mentioned that the post had sparked a wave of copycats looking to take advantage of the newfound attention.

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