World Liberty Financial’s USD1 stablecoin has made headlines with its recent listing on Bitget’s Innovation and Web3 Zones. This marks a significant step for the U.S. dollar-backed digital asset, which has seen rapid growth since its launch in March 2025. Below, we dive into the details of this listing, USD1’s features, and its growing role in the decentralized finance (DeFi) ecosystem.

Bitget Listing: Key Details

Bitget, a leading global cryptocurrency exchange, announced the listing of USD1 for spot trading on May 26, 2025. The trading pairs USD1/USDT and USD1/USDC became available at 10:00 AM (UTC), with withdrawals enabled the following day at 11:00 AM (UTC). This listing in Bitget’s Innovation and Web3 Zones highlights USD1’s potential to drive innovation in stablecoin adoption and Web3 applications.

The listing also includes a promotional offer: for seven days, users can buy USD1 with credit or debit cards at zero fees, supporting over 140 currencies, including EUR, GBP, AUD, and more. This move aims to make USD1 more accessible to a global audience, fostering broader adoption.

What is USD1?

USD1 is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar, issued and managed by BitGo Trust Company. It is fully backed by short-term U.S. Treasuries, U.S. dollar deposits, and cash equivalents, ensuring stability and transparency. Launched by World Liberty Financial (WLFI), a Miami-based fintech firm, USD1 is designed to compete with major stablecoins like Tether (USDT) and USD Coin (USDC) by offering features such as fee-free minting and institutional-grade custody.

Since its debut, USD1 has achieved remarkable growth, reaching a market capitalization of over $2.1 billion, making it the seventh-largest stablecoin globally. Its rapid rise is fueled by institutional backing, strategic partnerships, and increasing integration into DeFi platforms.

Strategic Partnerships and Integrations

USD1’s growth is supported by key collaborations that enhance its functionality and reach:

• Chainlink Integration: USD1 now operates across multiple blockchains, including Ethereum and BNB Chain, through Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This integration ensures secure cross-chain transfers, addressing historical security challenges in multi-chain transactions. Chainlink’s infrastructure also supports USD1’s use in WLFI’s Aave v3 instance, boosting its DeFi applications.

• Binance Listing and Investment: On May 22, 2025, Binance listed USD1 for spot trading with the USD1/USDT pair. Additionally, Abu Dhabi-based investment firm MGX announced a $2 billion investment in Binance, settled using USD1. This deal significantly boosted USD1’s liquidity and visibility.

• Other Exchange Listings: Beyond Bitget and Binance, USD1 is listed on exchanges like KuCoin, MEXC, and HTX, further expanding its market presence. MEXC’s listing on May 9, 2025, emphasized USD1’s role in driving stablecoin innovation globally.

• DeFi Ecosystem Growth: USD1 is gaining traction in DeFi. For example, ListaDAO launched a USD1 lending vault on BNB Chain, providing liquidity for 20 million USD1 tokens. Market maker DWF Labs has also deployed USD1 liquidity across multiple platforms, enhancing its availability.

Community and Governance Initiatives

World Liberty Financial has engaged its community through governance initiatives, including a recent proposal to airdrop a small amount of USD1 to WLFI token holders. The snapshot vote, which closed on May 14, 2025, saw 99.97% approval. This airdrop aims to test WLFI’s on-chain distribution infrastructure and reward early supporters, further integrating USD1 into the ecosystem.

Controversies and Scrutiny

Despite its success, USD1 and WLFI have faced scrutiny due to their ties to former U.S. President Donald Trump, who serves as the project’s “Chief Crypto Advocate,” with his sons as “Web3 Ambassadors.” U.S. lawmakers, particularly Senate Democrats, have raised concerns about potential conflicts of interest and the project’s rapid rise. A probe by Senator Richard Blumenthal questioned WLFI’s operations, but the project’s attorneys defended USD1, emphasizing its mission to strengthen the U.S. dollar’s role through a fully reserved, transparent stablecoin.

Why USD1 Matters for Web3 and DeFi

USD1’s listing on Bitget’s Innovation and Web3 Zones underscores its potential to shape the future of decentralized finance. Its cross-chain capabilities, institutional backing, and growing exchange presence position it as a strong contender in the stablecoin market. As DeFi loans hit an all-time high of $23.7 billion and stablecoin market caps surpass $230 billion, USD1’s focus on security, transparency, and interoperability aligns with the industry’s push toward mainstream adoption.

Conclusion

The listing of USD1 on Bitget’s Innovation and Web3 Zones is a pivotal moment for World Liberty Financial’s stablecoin. With a market cap exceeding $2 billion, strategic partnerships with Chainlink and Binance, and growing DeFi integrations, USD1 is carving out a significant role in the crypto ecosystem. While controversies surrounding its leadership persist, the project’s focus on innovation and accessibility makes it a stablecoin to watch in 2025.

For those interested in exploring USD1, Bitget’s fee-free purchase offer and the upcoming airdrop present exciting opportunities to engage with this fast-growing digital asset.