Cryptocurrency exchange Binance reportedly assisted in creating the stablecoin issued by World Liberty Financial (WLF), a crypto business linked to former U.S. President Donald Trump. According to a Bloomberg report, Binance helped create the code behind the stablecoin.

World Liberty Financial is a decentralized finance (DeFi) protocol and cryptocurrency company that was founded in 2024. The company has drawn attention for its direct association with Donald Trump and his family. A New York Times investigation described the company as "eviscerating the boundary between private enterprise and government policy in a manner without precedent in modern American history". The company has faced multiple controversies related to alleged secret deals, conflicts of interest, and business dealings with individuals under criminal investigation or with criminal records.

In March 2025, World Liberty Financial announced the launch of USD1, a stablecoin pegged to the U.S. dollar and backed by U.S. treasuries, dollars, and other cash equivalents. USD1 aims to provide a stable digital currency for retail and institutional transactions. Unlike some stablecoins, USD1 offers fee-free minting and redemption, which lowers the friction of converting between fiat and crypto. BitGo Trust Company is responsible for the custody and management of USD1 reserves.

In May 2025, MGX, an Abu Dhabi-backed company, agreed to purchase $2 billion worth of USD1 to finance a deal with Binance. Senators Elizabeth Warren and Jeff Merkley requested financial records related to MGX's $2 billion investment in World Liberty and Binance's involvement in the deal. According to World Liberty Financial, using USD1 in the MGX deal helped to reinforce the demand for the U.S. dollar.

World Liberty Financial has partnered with Re7 Capital to increase the adoption of its stablecoin on Binance's BNB Chain. Re7 Labs will leverage its DeFi infrastructure and risk management expertise to help scale the adoption and usage of USD1 on the BNB Chain.

USD1 is currently deployed on the Ethereum and BNB Chain networks, with plans to integrate with additional blockchain platforms. World Liberty Financial also said on X that it is considering making $WLFI transferable based on investor requests.

The live price of World Liberty Financial USD is $0.999859, with a 24-hour trading volume of $667,478,778.