- World Liberty Financial is testing a stablecoin on Ethereum and BNB Chain, sparking speculation.
- Transactions linked to Wintermute and BitGo suggest possible stablecoin testing before launch.
- WLFI warned users that USD1 is not available for trading and to watch out for scams.
A new token labeled World Liberty Financial USD (USD1) has sparked speculation in the crypto community. Observers believe World Liberty Financial (WLFI), a DeFi platform backed by U.S. President Donald Trump, is testing its stablecoin before an official launch.
The USD1 token was deployed on Ethereum and BNB Chain earlier this month. Blockchain data shows a series of transactions involving the token in recent weeks. Crypto analysts noted that addresses linked to major firms Wintermute and BitGo have interacted with USD1. The token’s supply stands at around 3.5 million on both blockchain networks.
On Monday, Binance founder Changpeng Zhao highlighted USD1 in a social media post. He shared a screenshot of the token’s BscScan profile with his 10 million followers, drawing widespread attention. The post led to a wave of copycats trying to capitalize on the sudden interest.
WLFI responded on X, warning users that USD1 is not yet available for trading. The platform advised caution and reminded the community to be wary of scams. Despite this, speculation continues about the project’s official plans for the stablecoin.
WLFI was founded by Zachary Folkman and Chase Herro. It gained attention last year for being one of the first crypto projects backed by Trump. The protocol aims to provide a blockchain-based financial marketplace. Users will be able to borrow and lend cryptocurrencies, create liquidity pools, and transact with stablecoins.
Related: WLFI’s $3M Investment in MNT Tokens Sparks Market Momentum
Rumors about WLFI launching its own stablecoin have been circulating for months. However, the project has not shared official details about the timeline or rollout process. So far, WLFI has yet to provide any official response regarding the speculation.
The discussion around stablecoins has grown in recent months. The Trump administration has placed stablecoin regulation high on its agenda. Treasury Secretary Scott Bessent emphasized their importance in maintaining the U.S. dollar’s role as a global reserve currency.
For now, traders and analysts are closely watching blockchain activity for further developments. WLFI’s stablecoin plans remain uncertain, but the recent blockchain transactions suggest that testing is underway. Crypto users continue to speculate on what’s next for USD1 and its potential impact on the market.
