# What is USD1? USD1 is the flagship stablecoin of World Liberty Financial and redeemable on a 1:1 basis for the U.S. dollar. USD1 is intended to support stable value transfer, settlement, and integration across on-chain and traditional financial systems. It is designed to be used across a range of financial applications while maintaining a focus on security, transparency, and compliance. *** ## Backing and reserves USD1 is backed by cash, U.S. government money market funds, and other cash equivalents. The reserve structure is designed to support a 1:1 peg to the U.S. dollar. All reserve assets backing USD1 are held or maintained by BitGo. To support transparency, attestation reports related to USD1's reserves are published on a regular basis: * [USD1 Attestation Reports](/usd1-token/attestation-reports.md) * [Proof of Reserves](https://por.worldlibertyfinancial.com/) * [World Liberty Financial USD1](https://worldlibertyfinancial.com/usd1) * [BitGo USD1 Attestations](https://www.bitgo.com/usd1-attestations/) *** ## Issuance and custody USD1 is issued and minted by **BitGo**, a regulated digital asset custodian and stablecoin issuer. BitGo is responsible for the issuance, custody, minting, and redemption of USD1, subject to applicable regulatory and compliance requirements. World Liberty Financial does not issue or custody USD1 directly. *** ## Multichain USD1 is designed to be available across multiple blockchain networks, enabling interoperability and broad usage across supported platforms and applications. Supported networks and deployed contract addresses are documented and maintained in the World Liberty Financial documentation. * [USD1 Integrations](https://worldlibertyfinancial.com/multichain) * [Contract Addresses](/usd1-token/contract-addresses.md) *** ## Compliance and transparency USD1 is designed to operate within established regulatory and compliance frameworks, including alignment with the **GENIUS Act** stablecoin standards. Access to minting and redemption is subject to issuer onboarding, verification, and approval requirements. Custody, reserve management, and operational practices are handled by BitGo in accordance with applicable regulations and compliance obligations. Eligible customers of BitGo may redeem USD1 for an equivalent amount of USD directly from BitGo. Other holders of USD1 may be able to exchange USD1 via the various exchanges, platforms, and regulated custodians that have agreed to support the exchange of USD1 for USD, subject to their terms and eligibility requirements. *** ## Learn more * [World Liberty Financial USD1 overview](https://worldlibertyfinancial.com/usd1) * [BitGo USD1](https://www.bitgo.com/usd1/) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.worldlibertyfinancial.com/usd1-token/what-is-usd1.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.