USD1 是什么？
USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial (WLFI), a DeFi venture publicly associated with the Trump family. According to the issuer, USD1 was announced in March 2025. It is positioned as a stablecoin for institutions that also works in decentralized finance.
The issuer states that each USD1 token is backed 1:1 by a reserve of short-term US Treasuries, US dollar deposits and cash equivalents. This reserve structure is similar to the one USDC uses. Redemption at one US dollar depends on the issuer honouring it, so the published attestations matter.
USD1 launched on Ethereum and BNB Chain, so it was multi-chain from the start. The project has drawn wide attention because of its high-profile backers. Read our stablecoin yield guide for how dollar tokens are used to earn yield.
受国库支持
Reserves held in US Treasuries, USD deposits and cash equivalents, according to the issuer.
机构重点
Designed for institutional users, with identity checks on minting and redemption.
多链原生
Available on Ethereum and BNB Chain from launch; the issuer lists the networks it supports today.
USD1 的工作原理
USD1 uses the mint and redeem model common to fiat-backed stablecoins. For every USD1 minted, the issuer says it holds an equivalent amount of US dollars or dollar-denominated assets in reserve.
储备支持
According to the issuer, reserves are held in short-term US Treasuries, US dollar deposits at regulated institutions and other cash equivalents. Short-dated assets are easier to sell, which supports prompt redemptions.
铸造过程
Authorized participants deposit US dollars with World Liberty Financial. In return, an equivalent amount of USD1 is minted on-chain. Minting goes through institutional channels, not a retail app.
赎回
Eligible holders can redeem USD1 for US dollars through authorized channels. Redeemed tokens are burned, which reduces total supply and keeps the 1:1 ratio.
托管监督
The issuer names BitGo as the custodian of USD1 reserve assets. The issuer publishes reserve attestations on its site; read the latest one to see the reserve breakdown and the firm that prepared it.
USD1 的关键特性
What distinguishes USD1 in the stablecoin market.
美国财政部支持
The issuer states that reserves are mainly held in short-term US Treasuries. Treasury bills carry low credit risk, but a stablecoin still depends on the issuer, its custodian and its redemption process, so the reserves are not risk-free.
机构级设计
USD1 is built for institutional requirements: compliance frameworks, Know Your Customer and Anti-Money Laundering (KYC/AML) checks for minting and redemption, and custody with BitGo.
监管重点
World Liberty Financial presents USD1 as a compliance-first stablecoin, designed to fit US stablecoin regulation as it develops.
DeFi 原生
Despite its institutional focus, USD1 is built for DeFi. It is an ERC-20 token on Ethereum and a BEP-20 token on BNB Chain, so standard wallets and protocols can handle it.
从第一天起即支持多链
Launching on Ethereum and BNB Chain gave USD1 access to two large DeFi ecosystems. The issuer lists any additional networks on its site.
高调背书
World Liberty Financial's prominent backers give USD1 more visibility than most new stablecoins. Visibility is not the same as adoption: check live supply and liquidity before relying on it.
World Liberty Financial：USD1 背后的团队
World Liberty Financial (WLFI) is a DeFi-focused venture announced in 2024. The project is publicly associated with the Trump family and positions itself between traditional finance and decentralized finance.
WLFI's plans go beyond a stablecoin. The team says it wants to build a DeFi ecosystem that institutional investors and mainstream users can both access. USD1 is the centrepiece of that strategy.
The project has also made headlines for its on-chain treasury activity. Treat that news as separate from the mechanics of USD1 itself: what matters for a holder is the reserve, the custodian and the redemption process.
治理代币：WLFI
World Liberty Financial has its own governance token, WLFI, sold in public token sales. WLFI holders vote on the governance of the wider WLFI ecosystem. Learn how this works in our guide on what a DAO is.
战略合作伙伴关系
WLFI announces partnerships with DeFi protocols and traditional finance firms on its site. Check the official announcements rather than social media before acting on a partnership claim.
USD1 与 USDC 与 USDT 对比
USD1 与两大主流稳定币的比较。.
| 功能 | USD1 | USDC | USDT |
|---|---|---|---|
| 发行方 | World Liberty Financial | 圆圈 | Tether |
| 支持 | US Treasuries + cash (per issuer) | US Treasuries + cash (per Circle) | Mixed reserves (per Tether) |
| 托管人 | BitGo (per issuer) | Regulated US institutions (per Circle) | Various (per Tether) |
| 审计/证明 | Published on issuer site | 每月（德勤） | 每季度（BDO） |
| 链 | Ethereum, BNB Chain (at launch) | 多条链 | 多条链 |
| Circulating supply | Smallest of the three (see DefiLlama) | Second largest (see DefiLlama) | Largest (see DefiLlama) |
| 业绩记录 | 自2025年起 | 自2018年起 | 自2014年起 |
USD1的使用场景
支持的链和USD1的DeFi集成。.
以太坊
USD1 is an ERC-20 token on Ethereum, the largest DeFi ecosystem by TVL. Use it on decentralized exchanges (DEXs), lending protocols and yield platforms that have listed it.
BNB 链
As a BEP-20 token on BNB Chain, USD1 benefits from lower transaction fees and fast confirmations. This suits frequent trading and smaller transactions.
DeFi 中的 USD1
使用 USD1 的收益机会和 DeFi 策略。.
流动性池
Provide liquidity in USD1 pools on DEXs. Stablecoin pairs (USD1/USDC, USD1/USDT) usually carry lower impermanent loss risk while earning trading fees.
交易费用借贷市场
Where a lending protocol lists USD1, suppliers earn interest from borrowers. Early integrations sometimes offer promotional rewards to attract liquidity; these are temporary.
借贷利息稳定币兑换
Trade USD1 against other stablecoins on stableswap DEXs for low slippage. Pool depth for a new token can be thin, so check it before a large trade.
稳定兑换托管储蓄
Coinstancy Dollar Savings pays 7.50% APY on USDC. Interest accrues every second and is automatically reinvested, there is no lock-up, and you can request a withdrawal at any time. It is a simpler way to earn yield without managing DeFi positions yourself.
托管收益风险与注意事项
在使用 USD1 之前需要考虑的重要因素。.
监管风险
US stablecoin regulation is still evolving. Changes could affect USD1's operations, reserve requirements or permitted uses. WLFI's political associations add a further layer of scrutiny.
中心化风险
USD1 is controlled by World Liberty Financial, a single entity. WLFI can freeze tokens, blacklist addresses and make unilateral decisions about the stablecoin's future.
采用风险
As a newer stablecoin, USD1 has lower liquidity and fewer integrations than USDC or USDT. Lower liquidity means higher slippage when trading and fewer yield opportunities.
免责声明：本指南仅供教育目的，不构成财务建议。稳定币存在固有风险，包括智能合约漏洞、储备管理风险和监管不确定性。请务必自行研究，并且只投资您能承受损失的资金。.
常见问题
USD1 是什么？
谁是 USD1 背后的人？
USD1 与 USDC 或 USDT 有何不同？
USD1 安全吗？
我可以在哪里使用 USD1？
来源与延伸阅读
本页面中的数字和声明均基于以下文档。具有时效性的数字（利率、收益率、费用、市场数据）会变动：在据此行动之前，请在来源处核实实时数值。.
- World Liberty Financial, official siteworldlibertyfinancial.com
Issuer of USD1: stated reserve composition, custodian, supported networks, launch announcement and reserve attestations.
- Circle transparencycircle.com
USDC reserve composition and monthly attestations used in the comparison table.
- Tether transparencytether.to
USDT reserve reports and quarterly attestations used in the comparison table.
- DefiLlama, stablecoinsdefillama.com
Live aggregator for circulating supply of USD1, USDC and USDT; figures move daily.
最后审核：2026年9月。外部链接在新标签页中打开；Coinstancy 对其内容不承担责任。.
通过 Coinstancy 在稳定币上获取收益
通过 Coinstancy Dollar Savings 在 USDC 上赚取 7.50% 的年化收益率。利息每秒累计并自动复投。无锁定期，可随时申请提现。Coinstancy 可能通过 OpenCover 安排 针对特定协议风险敞口的额外保障 ；当保障生效时，可在保单条款和限额范围内帮助处理符合条件的意外事件。