USD1 COMING TO CARDANO?
Charles Hoskinson AMA @IOHK_Charles responds
Charles Hoskinson AMA @IOHK_Charles responds
USD1 is a stablecoin launched by World Liberty Financial, a cryptocurrency firm co-founded by Zach Witkoff and influenced by the family of President Donald Trump. 
World Liberty Financial (WLF) was co-founded by Zach Witkoff in 2024 and is 60% owned by the Trump family. The Trump family's involvement in cryptocurrency has led to scrutiny and allegations of conflicts of interest.
USD1 is a "stablecoin," a digital asset pegged 1:1 to the U.S. dollar and backed by reserves, including short-term treasuries and cash equivalents. WLF has also issued another token, WLFI.
In May 2025, Zach Witkoff announced at a crypto conference in Dubai that USD1 would be the stablecoin used for a $2 billion investment by Abu Dhabi-based MGX into the crypto exchange Binance.
The USD1 stablecoin has faced criticism from lawmakers, including Senator Elizabeth Warren, who cited the venture as a potential conflict of interest, given President Trump's role in shaping crypto policy.
According to CoinMarketCap data from May 2025, USD1 reached about $2.1 billion in value in circulation and became the fifth-largest stablecoin. It has since been listed on major exchanges like Coinbase and Bullish.
In 2025, WLF was involved in a deal with Alt5 Sigma, a company that used a $1.5 billion offering to buy WLFI tokens and adopt a WLF treasury strategy. Part of the offering's proceeds were designated to settle existing litigation for Alt5 Sigma.
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