The financial world is buzzing with news from Coinbase. It looks like USD1, a digital currency, might soon be available there. USD1 is a special kind of digital money, a stablecoin. It comes from a company called World Liberty Financial. This project has the backing of Donald Trump.
Coinbase, a big name in digital currency trading, has put USD1 on its “roadmap.” This signals that USD1 could soon be officially available on the platform. Coinbase shared this news on its official blog and X account. They updated their list of upcoming assets. USD1 is now among the ERC-20 tokens on the Ethereum blockchain.
Coinbase noted that starting trades for any new asset needs a few things. They need market makers to support it. They also need the right technical setup. They promised to announce trading separately once these conditions are met.
Assets added to the roadmap today: World Liberty Financial USD (USD1)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets)
Trump’s Stablecoin Project
World Liberty Financial started last year. It’s a decentralized finance (DeFi) project. It gained notice because Donald Trump supports it. His sons, Donald Trump Jr. and Eric Trump, actively promote the project. The project has its own governance token, WLFI. It also has USD1, a stablecoin tied to the U.S. dollar.
USD1 has grown very quickly. Just this week, the project created another $205 million of USD1. This pushed its total supply to $2.4 billion. A big chunk of this came from a $2 billion deal. Abu Dhabi investment firm MGX used USD1 to complete a deal with Binance.
“We just minted $205,000,000 USD1 for the WLFI Treasury,” World Liberty posted on its X account on Wednesday. They added, “The fastest growing stablecoin of all time continues to grow.”
World Liberty has laid out plans to reward its users. Users can earn rewards for trading USD1 on partner exchanges. They also get rewards for holding balances or “staking” for returns. Taking part in approved DeFi protocols and using their mobile app also counts. The company gave out USD1 to those who joined the private sale of its WLFI token. That token is not yet available on public markets.
Trump’s link to this project has drawn some criticism. His administration pushed the GENIUS law. This law made it clearer how stablecoins could be used and created in the U.S. Some find the connection problematic.
Coinbase Listing: A Boost for USD1?
Coinbase, for its part, has a strict way of listing new assets. They focus on legal rules, compliance, and technical safety. They do not consider how big a project’s market value is or how popular it is.
Coinbase also made it clear on their blog: not all listed assets will launch right away. Some might even get an “Experimental” label, common for new tokens. The platform warned against depositing these assets early. Doing so before an official announcement could mean losing your money forever.
This move could help USD1 gain wider use. The stablecoin market is very competitive. Its total value has passed $285 billion. More companies announce their own stablecoins daily. For example, MetaMask recently confirmed its mUSD stablecoin launch.
World Liberty’s USD1 has a market value of $2.4 billion. This is much smaller than USDT from Tether, the leading stablecoin. USDT currently stands at $167 billion, according to CoinGecko.
Clear rules in the U.S. have sparked interest from big banks and financial firms. Just this week, Wall Street giant Goldman Sachs made a prediction. They believe stablecoins could reach trillions of dollars in value.