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  • Tokens
  • USD1 (USD1)

    7/16/2025 05:00 UTC

    $1.000

    -0.04%

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    Frequently Asked Questions

    • Institutional Applications

      USD1 provides reliable liquidity on institutional platforms and supports trading pairs on both centralized and decentralized exchanges.

      DeFi Integration

      It is compatible with lending, borrowing, and yield generation platforms, allowing users to participate actively in decentralized finance.

      Cross-Border Payments

      USD1 facilitates seamless cross-border transactions by reducing friction in converting between fiat and crypto.

      Fee-Free Minting and Redemption

      Users can mint and redeem USD1 tokens without any fees, making it easy to move between USD1 and U.S. dollars.

      Stability and Transparency

      USD1 is a stablecoin pegged 1:1 to the U.S. dollar, backed by short-term U.S. government treasuries, dollar deposits, and cash equivalents. Transactions are recorded on public blockchains for transparency.

      Multi-Chain Availability

      USD1 is available on multiple blockchain networks like Ethereum, Binance Smart Chain, and TRON, enhancing accessibility and use in various ecosystems.

      Use in Trading and Payments

      It serves as a stable medium of exchange and store of value, useful for trading, payments, and interacting with smart contracts and DeFi protocols.

      Last Updated: 6/17/2025 02:00 UTC
    • Pros of USD1

      • Stable Value: USD1 is pegged 1:1 to the U.S. dollar, providing price stability unlike many other cryptocurrencies.
      • Backed by Quality Reserves: It is fully backed by short-term U.S. Treasury bills, cash, and other liquid assets managed by reputable institutions.
      • Multi-Chain Availability: USD1 operates on Ethereum, Binance Smart Chain, and TRON, allowing flexible use across different blockchain networks.
      • No Transaction Fees on Minting/Redemption: Simplifies converting between fiat and crypto without extra costs.
      • Institutional-Grade Security: Custody and smart contracts are audited and managed by trusted providers, enhancing reliability.
      • Use Cases: Can be used for cross-border payments, DeFi collateral, and stable trading pairs.
      • Transparency: Regular audits and quarterly attestations confirm the 1:1 backing.

      Cons of USD1

      • Centralization: USD1 is issued and managed by World Liberty Financial, involving centralized control, which contrasts with fully decentralized crypto ideals.
      • Political Controversy: The project is backed by the Trump family, which has drawn political scrutiny and criticism.
      • Liquidity Concentration: A significant portion of USD1 liquidity is held by a few wallets, raising questions about broad user adoption.
      • Competitive Market: Faces strong competition from established stablecoins like USDC, USDT, and DAI.
      • Revenue Model: Up to 75% of net revenue may go to Trump-connected entities, which some users may view as a conflict of interest.

      For more details, visit the official USD1 page at kinesis.money/pro/usd1.

      Last Updated: 6/17/2025 02:00 UTC
    • Founders of USD1

      USD1 is a stablecoin launched by World Liberty Financial, a crypto venture founded in October 2024. The main founders are:

      • Donald Trump (former U.S. President, Co-Founder Emeritus)
      • Eric Trump (son of Donald Trump, co-founder)
      • Donald Trump Jr. (son of Donald Trump, co-founder)
      • Barron Trump (son of Donald Trump, co-founder)
      • Steve Witkoff (real estate developer, co-founder)

      This group formed World Liberty Financial during Donald Trump's presidential campaign, aiming to create a dollar-pegged stablecoin backed by U.S. Treasury bills and cash equivalents.

      Last Updated: 6/17/2025 02:00 UTC
    • Investors in USD1

      • World Liberty Financial and Trump Family: The USD1 stablecoin is launched by World Liberty Financial, a crypto venture backed by Donald Trump and his family. The Trump family is a significant stakeholder and may receive up to 75% of the venture's net revenue.

      • Justin Sun: The founder of Tron blockchain, Justin Sun, is a major investor and adviser to the project, having invested at least $75 million.

      • MGX (Abu Dhabi-based firm): MGX is using USD1 to facilitate a $2 billion investment in Binance, showing institutional interest.

      • Global Investors: Around 90% of USD1 investors are reportedly from outside the U.S., including Europe, Asia, and Latin America.

      • Token Sale Participants: World Liberty Financial raised over $550 million through token sales of a related token ($WLFI), which helped fund USD1's development.

      • Institutional and Sovereign Investors: USD1 targets sovereign investors and major institutions for secure cross-border transactions, supported by regulated custody providers like BitGo.

      These investors combine political influence, institutional backing, and global reach to support USD1's growth and adoption.

      Last Updated: 6/17/2025 02:00 UTC
    • Halal Status of USD1

      • No: USD1 is not automatically halal.
      • Reason: Islamic scholars generally say that not all cryptocurrencies are halal because some projects may involve elements not compliant with Islamic law, such as interest (riba) or uncertainty (gharar).
      • Note: Whether a crypto token like USD1 is halal depends on its structure, use, and compliance with Shariah principles. It is important to review if the token avoids interest, speculation, and forbidden activities.
      • General advice: Many Islamic finance experts recommend checking if a crypto project is Shariah-compliant before considering it halal.

      For USD1 specifically, no direct Shariah certification or halal confirmation was found in the latest sources.

      Last Updated: 6/17/2025 02:00 UTC

    Description

    #57

    World Liberty Financial is a decentralized finance platform launched in 2024, closely tied to Donald Trump and his family. It offers crypto-based lending, borrowing, and asset management, and operates a dollar-backed stablecoin called USD1.

    Sector: Stablecoins
    Blockchain: BNB

    Market Data

    Rank: 57
    Volume: 273M
    Marketcap: 2.2B
    Fully Diluted Value: N/A
    Circulating Supply: N/A
    15M 361K/360K
    7.4M 1.1M/44K
    6.7M 241K/241K
    3.7M 4.9M/3.9M
    802K 101K/101K
    677K 20K/20K
    510K 20K/20K
    338K 8.4K/8.4K
    303K 60K/60K
    300K 9.7K/9.7K
    199K 3K/3K
    189K 6.7K/191K
    111K 1.7K/1.7K
    97K 315/314
    53K 4.3K/4.3K
    39K 1.7K/1.7K
    23K 23K/23K
    12K 1.1K/1.1K
    8.4K 73/73
    2.5K 189/188
    1.7K 863/860
    852 96/95
    290 28/28