USD1 (World Liberty Financial USD)USD1

A US-dollar stablecoin from World Liberty Financial, the Trump family-linked venture, with reserves held by BitGo.

Rank #27Since March 2025

Price on 31 Oct 2026

C$1.40 -0.6% since 31 Jul 2026 · 6.4% below its all-time high

The short version

USD1 is the dollar stablecoin of World Liberty Financial, a venture founded in 2024 in which a Trump family entity owns 60%. BitGo Bank & Trust holds the reserves (cash and US government money market funds) and makes the monthly assertion that KPMG examines: 4.42B USD1 against US$4.42B of assets on 30 Sep 2026. In Aug 2026 the OCC gave preliminary conditional approval for a World Liberty trust bank to take over issuance. On 31 Oct 2026 one USD1 cost C$1.40. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.6% in Canadian dollars, and it was 6.4% below its all-time high of C$1.49 set on 9 Jul 2026.^[1]

Facts checked 2 Nov 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.43 (12 Oct 2026) · low C$1.35 (29 Jan 2026) · -0.8%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.39	US$0.9983
30 Sep 2026	C$1.42	US$0.9993
31 Aug 2026	C$1.39	US$0.9995
31 Jul 2026	C$1.40	US$0.9992
30 Jun 2026	C$1.42	US$0.9991
31 May 2026	C$1.38	US$0.9987
30 Apr 2026	C$1.36	US$0.9996
31 Mar 2026	C$1.39	US$0.9995
28 Feb 2026	C$1.36	US$0.9998
31 Jan 2026	C$1.36	US$0.9996
31 Dec 2025	C$1.37	US$0.9999
30 Nov 2025	C$1.40	US$0.9994

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.40^[1]
3-month change: -0.6% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 6.4% below its high of C$1.49 (9 Jul 2026)^[1]
Market rank: #27, market value about C$5.4B^[1]
Kind: Stablecoin · Ethereum, BNB Smart Chain and Solana hold most of the supply; also Tron, Aptos and Tempo
Started: March 2025

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesUSD1 is minted against dollar deposits and burned on redemption through an owner-only mint function^{[2, 3]}

Can anyone freeze or take coins from holders?YesThe owner can freeze, pause, drain or reallocate frozen balances; US$27M frozen on 30 Oct 2026^{[3, 4]}

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[5]

Is the supply capped?NoNo maximum; supply follows deposits and redemptions^[6]

Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations^[2]

Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; tokens are issued only against deposits^[2]

Do network fees reach coin holders?NoReserve income goes to the issuer; holders earn no yield^[7]

Main network hacked or halted in the past 2 years?NoNo exploit of the USD1 contracts found^[8]

Is a regulator or court case targeting the coin itself?NoNo regulator action names USD1 or its issuer; a private suit and congressional letters concern World Liberty^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: World Liberty Financial (founded 2024 by Zach Witkoff, Chase Herro, Zachary Folkman and Trump family members); a Trump entity owns 60%^[7]
Reserve custodian: BitGo Bank & Trust, N.A.; its management asserts token and reserve figures each month^[2]
Admin powers: The contract owner can mint, freeze, pause, and drain or reallocate frozen balances; upgradeable proxy^{[3, 5]}
Bank charter: OCC preliminary conditional approval in Aug 2026 for World Liberty Trust Company to issue and safeguard USD1^[7]

Supply

In circulation: 3.88B USD1^[1]
Maximum supply: None set^[1]
Outstanding: About 4.42B USD1 on 30 Sep 2026 per KPMG; US$3.89B on 2 Nov 2026, down from US$4.44B a month earlier^{[2, 6]}
Reserves: US$4,416,592,901 of redemption assets on 30 Sep 2026: US cash and US government money market funds^{[2, 9]}
Attestation: Monthly by KPMG LLP under the AICPA 2025 stablecoin criteria; reports published since Apr 2025^{[2, 10]}

Use and fees

Reserve income: Kept by the issuer; the Trump family entity receives a share of stablecoin profits; holders earn no yield^[7]
Large deals: MGX used US$2B of USD1 in May 2025 to settle an investment in a crypto exchange^[7]
Chains: Solana US$1.38B, Ethereum US$1.29B, BNB Smart Chain US$1.16B on 2 Nov 2026^[6]

Trading

Daily trading: About C$1.3B a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 20.67% of its market value changes hands each day^[1]
20-week average: 0.1% below its 20-week average price^[1]
1-year change: -0.2% in C$^[1]^[11]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later^[12]

Typical result: Median -6% after a year; 61% higher after two years
Lost half or more: 25% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: USD1's contract owner can freeze, pause and drain or reallocate frozen balances; the World Liberty trust bank meant to issue it has only preliminary OCC approval (Aug 2026).^{[3, 7]}

World Liberty and BitGo froze US$27M of USD1 on 30 Oct 2026 linked to a US$6.3B hack the day before; the issuer can freeze any address.^[4]
Justin Sun sued World Liberty in Apr 2026 over WLFI voting rights and frozen wallets; the case is private and does not name USD1.^[7]
The OCC's Aug 2026 approval requires passivity commitments from three shareholders, including the Trump-affiliated entity.^[7]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.