Overview
USD1 is a token branded by World Liberty Financial (WLFI), a project publicly tied to the family of the sitting US president. Legally, the token is issued and redeemed not by WLFI itself but by the regulated custodian BitGo Trust Company — per language in its own attestation report: "the USD1 brand and certain associated trademarks are owned and controlled by World Liberty Financial, Inc. and SC Financial Technologies, LLC." The profile of the organization behind the brand is covered in "World Liberty Financial."
Reserves and attestation
Reserves consist of cash and short-dated Treasuries; per an August 11, 2026 report, the collateralization ratio was about 100.01% (roughly $4.01 billion in reserves against an equal amount of tokens in circulation). Monthly attestations are performed by Crowe LLP under AICPA's criteria for fiat-backed tokens; the most recent verified report available at the time of writing covered reserve dates October 7 and October 31, 2025.
Networks
Per the attestation report, USD1 is issued on Ethereum, BNB Smart Chain, Tron, Aptos, and Solana; as of August 2026 the network list had expanded to also include Mantle, Monad, Plume, Morph, and AB Core, and that same month the company announced expansion onto the institutional Canton Network.
Regulatory status and conflict of interest
In January 2026, an affiliated entity applied for an OCC national trust charter for a bank named World Liberty Trust Company, N.A. (headquartered in Bay Harbor Islands, Florida); on August 15, 2026, the OCC granted preliminary conditional approval, with a $20 million minimum capital requirement as a pre-opening condition. Separately, in August 2026, Senators Elizabeth Warren and Jeff Merkley, on behalf of the Senate Banking Committee minority, sent a letter to WLFI co-founder Zach Witkoff requesting records on a $2 billion deal between the UAE state-linked fund MGX and the exchange Binance, settled in USD1; per a financial disclosure released in June 2025, Donald Trump's personal earnings from World Liberty Financial were valued at $57.4 million at that time. The senators' request frames a question about a potential conflict of interest between a family shaping US stablecoin policy and a commercial stablecoin generating income for that family — the company responded that operations run through regulated partners and that reserves are disclosed publicly.