USD1 is World Liberty Financial's stablecoin, powered by BitGo and designed to combine the power of DeFi with the security that comes with the most trusted custodian in crypto and traditional finance.
USD1 is powered by BitGo, the most trusted solution in crypto, safeguarding billions in digital assets for the largest institutions with multi-location and multi-jurisdictional security.
Continuing in this commitment to trust, BitGo publishes monthly reserve attestations to ensure transparency into the backing of USD1.
USD1 reserve holdings are fully disclosed on a monthly basis, along with associated mint/redemption flows. An accounting firm provides monthly third-party assurance that the value of USD1 reserves are greater than or equal to the amount of redeemable USD1 in circulation. The reports are prepared according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).