USD1 (World Liberty Financial)
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 38 → 54. Problems weighed by who is responsible: concerns that are not fraud −21.6, problems around the subject, caused by others −1.4; legitimacy credit long-running +2. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -21.6 |
| Problems around it, caused by others | -1.4 |
| Long-running | +2 |
| Sum | 44 |
Score: 54/100 (kept between 0 and 100)
How scoring works →Summary
USD1 is a U.S. dollar-pegged stablecoin launched in March 2025 by World Liberty Financial (WLFI), a DeFi project with direct financial ties to the Trump family. Reserves are custodied by BitGo Trust Company and attested to monthly by Crowe LLP, but the coin has drawn scrutiny for delayed attestation reports, heavy offshore concentration, an unresolved conflict-of-interest controversy tied to a $2 billion MGX-Binance transaction, a June 2026 exchange delisting following an address freeze, and open questions about whether its issuance structure complies with the GENIUS Act. As of July 2026 it ranks among the largest stablecoins by market capitalization, though its governance is entangled with the political and business interests of a sitting U.S. president's family.
Connected Entities
10 entities · 60 linked investigations- World Liberty Financial→mentioned with→Ethereum(65%)
- World Liberty Financial→mentioned with→Binance(70%)
- Binance→mentioned with→Tether(60%)
- Justin Sun→mentioned with→HTX(70%)
- Justin Sun→mentioned with→World Liberty Financial(75%)
- Justin Sun→mentioned with→Ethereum(65%)
- Binance→mentioned with→Ethereum(65%)
- USD1 (World Liberty Financial)→mentioned with→Tether(60%)
- USD1 (World Liberty Financial)→mentioned with→Binance(80%)
- USD1 (World Liberty Financial)→mentioned with→Ethereum(65%)
- + 16 more
Timeline(13 events)
March 2025
USD1 stablecoin launched by World Liberty Financial on Ethereum and BNB Chain, backed by BitGo Trust Company reserves.
CoinGecko / multiple industry explainersMay 2025
Abu Dhabi state-backed firm MGX uses USD1 to settle a $2 billion investment in Binance, drawing conflict-of-interest scrutiny over Trump family financial ties to WLFI.
Cointelegraph / ForbesAugust 2025
Crowe LLP begins conducting regular AICPA-standard third-party attestations of USD1 reserves.
WLFI Docs5 October 2025
NYDIG report, covered by CoinDesk, criticizes USD1 for delayed attestation reports, ~78% offshore-exchange supply concentration, and potential GENIUS Act non-compliance.
CoinDesk4 November 2025
Binance CEO Richard Teng publicly denies claims the exchange boosted the Trump-linked WLFI/USD1 venture ahead of Changpeng Zhao's pardon.
CNBC7 January 2026
WLFI subsidiary WLTC Holdings LLC applies to the OCC for a national trust bank charter to bring USD1 issuance under federal regulation aligned with the GENIUS Act.
CoinDeskApril 2026
Justin Sun sues World Liberty Financial in California federal court alleging fraud and an unlawful freeze of roughly $1 billion in WLFI tokens tied to a dispute over further USD1 investment.
CBS News15 May 2026
Senator Elizabeth Warren urges the SEC to investigate World Liberty Financial over potential securities-law violations and alleged investor misrepresentation.
CryptoTimes26 May 2026
UK sanctions authorities designate Huobi Global S.A., an entity linked to HTX, under Russia-sanctions regulations, alleging facilitation of over $1.5 billion in suspected sanctions-evasion flows.
CCN5 June 2026
World Liberty Financial restricts on-chain circulation of tokens held in HTX-linked addresses, citing UK sanctions compliance review; HTX suspends USD1 and WLFI trading pairs.
The Block21 July 2026
USD1 reported at CoinGecko rank #25 by market capitalization, approximately $4.2 billion (per investigation queue context, not independently re-verified).
AVOID.NET investigation queue / CoinGeckoDecision Log
- slot 455366372 · hash 9dZ6DJqp9rRQjv8NpW4tEKnCHUtMcpqyE1DJPbHVuGh4
- slot 443501152 · hash 4erfSVg6BvmmsSqX3Ha1fMxEkgpMK4879PYU6MXRiqZU
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 20 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 7/22/2026, 3:21:25 AM
last updated: 10/10/2026, 6:46:35 PM
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