World Liberty Financial’s USD1 Stablecoin Now Available Across Various Networks

World Liberty Financial has initiated the operation of its USD1 stablecoin across several blockchains, thanks to an integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), as announced on Friday.

This development was shared by the team at World Liberty Financial, along with Chainlink co-founder Sergey Nazarov and Eric Trump, son of former U.S. President Donald Trump, during the Consensus 2025 event.

USD1, a stablecoin backed by the U.S. dollar, has experienced substantial growth since its launch, achieving a market capitalization of $2 billion. The stablecoin was instrumental in facilitating MGX’s $2 billion investment in Binance.

However, it remains behind major players like Tether and Circle, whose stablecoins boast market caps of $151 billion and $60.6 billion, respectively.

The backing for the token comes from short-term U.S. Treasuries and fiat reserves managed by BitGo Trust. Previously, the stablecoin was primarily restricted to specific blockchain environments, but the new CCIP integration will enable it to navigate between multiple blockchains seamlessly.

The initial blockchain integrations include Ethereum and BNB Chain, with plans for additional blockchain compatibility in the future. The companies highlight that this integration addresses a significant challenge in the stablecoin sector: ensuring cross-chain security.

In the past, security issues with cross-chain bridges have led to losses estimated at nearly $3 billion.

Zach Witkoff, co-founder of World Liberty Financial, commented that Chainlink’s proven infrastructure provides the necessary institutional-grade security and broad coverage required to distribute USD1 to millions across an expanding number of active blockchain ecosystems.

Zak Folkman, another co-founder at World Liberty, emphasized that bridging traditional and decentralized finance has been a core mission since the company’s inception. He expressed confidence that the realms of DeFi and traditional finance will merge in the near future, shaping the future of finance.

This collaboration builds on an earlier integration where Chainlink’s price oracles facilitated the deployment of an Aave v3 instance by World Liberty.