Coinbase Makes Major Move: Lists World Liberty Financial’s USD1 Stablecoin

Coinbase just dropped a bombshell—adding World Liberty Financial's USD1 stablecoin to its trading platform. This isn't just another listing; it's a strategic power play in the escalating stablecoin wars.

Why This Matters

The exchange continues expanding its stablecoin arsenal, giving traders more dollar-pegged options while traditional finance still debates whether crypto is 'real.' USD1 joins the ranks of other major stablecoins, offering another liquidity gateway for institutional and retail investors alike.

Market Impact

More choice means more competition—and that's always good for traders. World Liberty Financial now gets massive exposure to Coinbase's global user base, while crypto veterans get another tool for hedging and moving value. Because sometimes you need more than one way to park your digital dollars while waiting for the next rally.

Just what the world needed—another stablecoin. Because clearly, we were running short on those.

Coinbase expands USD1 stablecoin support

Coinbase said USD1 will initially be supported on the ethereum (ETH) network as an ERC-20 token, with transfers available on Coinbase and Coinbase Exchange in approved regions.

Local regulations may restrict availability, which reflects the exchange’s jurisdiction-based approach to regulated stablecoins. The Ethereum contract address has been shared publicly to ensure transparency.

The listing drew significant attention after Eric Trump, son of the U.S. President, reposted Coinbase’s X announcement online, underscoring the project’s political connections. On the day of the listing, World Liberty Financial also revealed a $205 million mint of USD1 for its treasury, calling it the fastest-growing stablecoin.

Rapid growth and scrutiny

Since its launch in March 2025, USD1 has expanded rapidly, reaching a $2.2 billion market capitalization by Aug. 21, according to DeFiLlama data. This milestone places it ahead of competitors like FDUSD and PYUSD as the fifth-largest stablecoin in the world.

The token has gained institutional backing as well, including a $2 billion investment involving Binance and Abu Dhabi’s MGX fund. USD1 is held in custody by BitGo Trust Company and is fully backed by dollar deposits, cash equivalents, and U.S. Treasuries. It runs on Ethereum, Binance Smart Chain, and TRON (TRX) and is subject to monthly third-party audits, with zero-fee minting and redemption.

Despite its momentum, USD1 has faced criticism over liquidity concentration, with more than half of the supply held by three wallets. Lawmakers have also questioned its political affiliations and suggested possible conflicts of interest considering the TRUMP family’s involvement,

Even so, Coinbase’s listing is expected to drive greater trading activity and visibility for the stablecoin.