World Liberty Financial, Inc. (WLFI) has chosen BitGo to be the custodian and infrastructure provider for the launch of its stablecoin, USD1. USD1 is a US dollar-backed stablecoin that represents the financial system’s continual adoption of blockchain technology.
USD1
USD1 is a stablecoin fully backed by the US dollar and developed in partnership with World Liberty Financial, Inc., the developer of a pioneering DeFi protocol and governance platform inspired by President Donald J. Trump.
Unlike alternatives that introduce additional risk factors, USD1 prioritizes stability through its conservative approach. USD1 will be 100% backed by short-term US government treasuries, US dollar deposits and other cash equivalents, and will be fully redeemable 1:1 for the US dollar. By avoiding complex yield-generating mechanisms, USD1 offers regulatory clarity and the security required for broader institutional adoption.
“USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” said Zach Witkoff, WLFI co-founder. “We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”
Partnering closely with World Liberty Financial, Inc., BitGo brings the stability needed to instill confidence into this digital version of the dollar. BitGo CEO Mike Belshe points out that “our clients demand both security and efficiency, and this partnership with WLFI delivers both – combining deep liquidity with the assurance that reserves are securely held and managed within regulated, qualified custody.”
Stablecoin Infrastructure
BitGo not only provides custody for the backing reserves of USD1, but also the underlying infrastructure and user experience for minting and burning. USD1 has served as the blueprint for a secure, compliant, and scalable foundation with which businesses, institutions, fintechs, or banks can launch and manage their own stablecoin within weeks.
With world-class reserve management, regulatory infrastructure, and smart contracts, BitGo is your one-stop shop for stablecoins.
Reserve Management
BitGo has created a system to securely hold and manage the reserve assets that back your stablecoin. With automatic rebalancing and daily reconciliation, you can rest assured that stablecoin will remain pegged 1:1 with backing assets. And BitGo manages all of this for you.
Regulatory Infrastructure
A key challenge in issuing stablecoins is the intimidating regulatory environment. Leveraging BitGo’s licenses across the United States, you can get to market quickly and operate with peace of mind that your stablecoin program is built on a compliant and secure foundation.
Smart Contracts
As a cornerstone of the crypto industry for over a decade, BitGo has a proven track record with industry-trusted projects, like wBTC, and has proven to be trustworthy in building bespoke smart contracts on the most popular blockchains.
BitGo as the infrastructure provider
BitGo’s mission is to deliver trust in digital assets. We have spent over a decade refining our infrastructure to not only be one of the most secure in the world, but also to be primed for the upcoming surge in adoption of digital assets of every kind.
The partnership with WLFI and the launch of USD1 are major milestones for BitGo and all of our partners, and are the beginning of expanded stablecoin adoption across the globe.
Learn more about BitGo’s Stablecoin-as-a-Service offering here.
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BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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