What Is USD1? Inside the Fast-Rising Stablecoin Backed by US Treasuries
A New Player in the Stablecoin Race In a market long dominated by giants like USDT and USDC, a new contender is making waves: USD1, a fiat-backed stablecoin launched in March 2025 by World Liberty Financial Inc. (WLFI). Designed to maintain a 1:1 peg with the U.S. dollar,