World Liberty Financial announced that its USD1 stablecoin is now available on Coinbase (NASDAQ:COIN), according to a company statement.
The listing allows Coinbase users to access USD1 through the exchange’s website and mobile applications. USD1 is pegged 1:1 to the U.S. dollar and backed by reserves including treasury bills, cash deposits, and cash equivalents.
“Beginning today, countless users will have access to USD1 – the fastest-growing stablecoin in history – continuing our mission of accelerating the worldwide adoption of digital assets,” said Zach Witkoff, co-founder and CEO of World Liberty Financial.
The Coinbase listing follows ALT5 Sigma’s (ALTS) $1.5 billion registered direct offering and concurrent private placement to adopt a World Liberty Financial Treasury Strategy.
World Liberty Financial describes itself as a decentralized finance protocol and governance platform. The company states it was inspired by the vision of President Donald J. Trump and aims to democratize access to decentralized finance through user-friendly tools.
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