World Liberty Financial’s USD1 Stablecoin Launches Cross-Chain Compatibility with Chainlink
World Liberty Financial’s USD1 stablecoin is now operable on multiple blockchains due to integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Key points include:
- The announcement was made at Consensus 2025 by World Liberty Financial, Chainlink co-founder Sergey Nazarov, and Eric Trump.
- USD1 has reached a market capitalization of $2 billion since its launch.
- The stablecoin is backed by U.S. Treasuries and fiat reserves managed by BitGo Trust.
- Initial blockchain integrations include Ethereum and BNB Chain, with plans for further expansion.
- The integration addresses cross-chain security challenges, which have previously resulted in nearly $3 billion in user losses.
Zach Witkoff, co-founder of World Liberty Financial, emphasized the importance of Chainlink's infrastructure for delivering security and reach. Zak Folkman noted the merging of traditional finance and DeFi as a key objective.