World Liberty Financial Launches USD1 Natively on Canton

World Liberty Financial (WLFI), a crypto project backed by the Trump family, issues USD1, a U.S. dollar stablecoin designed to maintain a value of $1 per token. Custodian BitGo currently facilitates issuance and redemptions. An Office of the Comptroller of the Currency (OCC) national trust bank charter would allow WLFI to handle reserves, settlement and fund flows itself, making the review a focus of financial-regulatory and conflict-of-interest concerns.

As of July 20, 2026, market reports indicated that the OCC was set to approve WLFI's charter application. A former OCC official said regulators would struggle to find grounds for rejection under existing review standards. Approval would allow WLFI to dispense with intermediaries such as BitGo. Democratic senators and banking industry groups oppose the application, questioning whether the Trump family's ties to federal regulatory decisions create a conflict of interest. The OCC has yet to formally announce an approval date or the charter's conditions.

USD1 was launched in March 2025 by World Liberty Financial, the decentralized finance protocol backed by the Trump family, with digital-asset custodian BitGo safeguarding its dollar reserves. The stablecoin links the Trump political brand with stablecoin payments and traditional finance. It has also become a closely watched case at the intersection of politics and business because the family's interests overlap with its influence on U.S. policy.

In May 2025, Abu Dhabi investment firm MGX used $2 billion in USD1 to complete its investment in Binance, providing a key boost to the stablecoin's circulating supply. By July 2026, USD1's market capitalization had reached $4.6 billion, representing nearly tenfold growth in about a year. World Liberty Financial is also expanding access to regulated custody and mainstream financial channels through its partnerships with BitGo and Binance and its application for a banking license.

USD1 is a U.S. dollar stablecoin issued by Trump family-linked World Liberty Financial (WLFI), while HTX is led by Justin Sun. The dispute arose after WLFI froze related on-chain addresses following British government sanctions on HTX’s parent company. The episode highlights the governance risk that centralized stablecoin issuers can unilaterally restrict transfers and redemptions.

HTX announced it would delist USD1, accusing WLFI of freezing multiple on-chain addresses and user assets without prior notice. The exchange said it would convert USD1 holdings on its platform into USDT at a 1:1 ratio. Sanctions have escalated the conflict, but available information does not disclose the amount frozen, the effective delisting date or when the conversions will be completed.

World Liberty Financial (WLFI) is a Trump family-backed crypto project whose USD1 token is a U.S. dollar-pegged stablecoin. The development follows excessively high fund utilization on the Dolomite lending platform, which had left users unable to withdraw funds, drawing attention to debt repayment and liquidity adjustments.

WLFI minted $25 million worth of USD1 on Monday and burned $3 million worth of the tokens, increasing net supply by about $22 million. The move came days after WLFI said it had repaid $25 million owed to Dolomite and was intended to ease withdrawal and fund-utilization problems.

World Liberty Financial is a Trump family-backed DeFi project that uses WLFI as its governance token and USD1 as its dollar stablecoin. As of February 26, 2026, USD1 had a market capitalization of about $4.7 billion, ranking fifth. The proposal links voting power and staking rewards to stablecoin usage, with implications for the concentration of governance and USD1’s expansion.

WLFI introduced the proposal on February 25, 2026, requiring unlocked tokens to be staked for at least 180 days. Participants who vote at least twice during that period could earn a target annualized reward of 2%, while USD1 deposited in WLFI Markets would qualify for Dolomite incentives. The proposal passed on March 13 with 99.12% support and about 1,800 participants, although 10 wallets controlled 76% of the voting power. The highest tier required staking 50 million WLFI tokens, worth about $5 million at the time.

World Liberty Financial, or WLFI, is a DeFi project backed by the Trump family whose USD1 stablecoin aims to maintain a peg of $1 per token. The close association between a political family’s brand and crypto finance has drawn scrutiny of account security, reserve transparency and market confidence.

The project recently faced a coordinated attack in which hackers compromised a founder’s account to spread panic while taking short positions, briefly pushing USD1 down to $0.9942. The project said funds were safe and its stabilization mechanism was functioning normally. As of July 20, 2026, USD1 had regained its peg, though the WLFI governance token remained under downward pressure.

World Liberty Financial is a crypto-finance company backed by U.S. President Donald Trump and his sons. Its USD1 stablecoin is fully backed 1:1 by U.S. dollar assets and uses minting and redemption mechanisms to maintain its $1 price. Stablecoins are an important dollar substitute for crypto trading and fund transfers, and even a brief depeg can test reserve transparency and market confidence.

World Liberty Financial said on X on February 23, 2026, that hackers targeted the accounts of several WLFI co-founders, short sellers built large positions and paid influencers spread panic. The company said WLFI fell about 7% at one point and was trading at $0.1128 when the report was published. USD1 dropped to about $0.994 before recovering to above $0.999.