What to Know:
- World Liberty Financial’s USD1 stablecoin is now operable across multiple blockchains via Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
- Launched in the decentralized finance sector, USD1 is a U.S. dollar-backed stablecoin that has now reached a market cap of $2 billion.
- The CCIP integration addresses historical cross-chain security vulnerabilities, which have cost users billions.
World Liberty Financial’s USD1 stablecoin is now available on multiple blockchains following an integration with Chainlink’s CCIP, as revealed on Friday. This announcement came from representatives of World Liberty Financial, along with Chainlink’s co-founder Sergey Nazarov and Eric Trump, the son of U.S. President Donald Trump, during the Consensus 2025 event.
Since its launch, USD1 has experienced substantial growth, hitting a market cap of $2 billion, which allows it to participate in key investments such as MGX’s $2 billion financing through Binance. Despite this growth, it still lags behind industry giants such as Tether and Circle, which have market caps of $151 billion and $60.6 billion respectively.
The stablecoin is supported by short-term U.S. Treasuries and reserves managed by BitGo Trust but was originally restricted to single blockchain platforms. The CCIP integration enables it to operate freely across multiple blockchains.
The initial blockchains included in this expansion are Ethereum and BNB Chain, with plans for additional blockchain support in the future. This integration addresses longstanding security issues within the stablecoin arena, particularly vulnerabilities in cross-chain bridges that have collectively cost users nearly $3 billion.
“Chainlink’s proven infrastructure delivers the necessary security and reach needed for USD1 to be accessible across multiple platforms,” said Zach Witkoff, a co-founder of World Liberty Financial.
Zak Folkman, another co-founder, stated that merging traditional finance with decentralized finance is a fundamental goal for World Liberty Financial. As the USD1 token becomes interoperability-ready, it hints at a future where both financial ecosystems coexist seamlessly.
