$USD1 is a fiat-backed digital asset designed to maintain a 1:1 parity with the U.S. dollar. Launched in April 2025 by World Liberty Financial (WLFI), a fintech company based in Miami, Florida, USD1 aims to simplify digital transactions by providing seamless interchangeability between fiat and digital assets. The stablecoin is issued and legally managed by BitGo Trust Company, a regulated trust entity based in South Dakota, ensuring full compliance with U.S. regulatory standards.