World Liberty Financial has switched on multichain support for its dollar-backed stablecoin, USD1, by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Key points
- First networks: Ethereum and BNB Chain are live; more chains will follow.
- Why it matters: CCIP removes the “walled-garden” problem, letting USD1 move safely between blockchains—a response to the $3 billion lost to insecure cross-chain bridges in prior years.
- Scale so far: USD1’s market cap has climbed to $2 billion, still far behind Tether ($151 billion) and Circle’s USDC ($60.6 billion).
- Backing: Short-term U.S. Treasuries and fiat reserves held with BitGo Trust.
At Consensus 2025
Chainlink co-founder Sergey Nazarov, World Liberty executives Zach Witkoff and Zak Folkman, and Eric Trump—son of the U.S. president—unveiled the cross-chain rollout onstage in Austin.
“Chainlink’s battle-tested rails give us the security and reach to get USD1 into millions of hands across multiple on-chain economies,” Witkoff said.
Folkman added that bridging TradFi and DeFi has always been World Liberty’s goal, and CCIP now makes USD1 “instantly bridgeable” across ecosystems.
Bigger picture
The launch extends an existing partnership: World Liberty already relies on Chainlink price feeds to power its Aave v3 deployment. With CCIP in place, the firm expects USD1 to serve as a liquidity conduit for both traditional and decentralized finance as they converge.
