#数字资产市场动态 The relationship between USD1 and WLFI is quite interesting—essentially a trifecta of a project, a stablecoin, and a governance token.

From an issuance perspective, USD1 is a 1:1 USD-pegged stablecoin launched in March 2025, backed by dual reserves of US Treasuries and USD deposits, custodized by reputable institutions like BitGo. This is a standard compliant setup in the stablecoin sector.

As a governance token, WLFI has a total supply of 100 billion tokens. Of these, 22.5 billion are held by related parties, controlling 60% of the protocol's voting rights, and they also receive 75% of the net revenue share—this design tightly binds governance rights with economic interests.

The ecosystem is quite imaginative. USD1 is deployed across Ethereum, BNB Chain, and TRON, becoming the main trading medium within the ecosystem; WLFI handles on-chain governance voting. The two tokens mutually drive liquidity, creating a positive feedback loop. The multi-chain strategy reduces user migration costs and broadens the ecosystem's coverage.

Political backing is the most unique aspect of the project. There is clear high-level support behind it, which is rare in the crypto space. This brand momentum can directly enhance the project's confidence and liquidity attractiveness.

It's not surprising that USD1 is close to 1 dollar; the core of a stablecoin is whether it can maintain its peg—and currently, all conditions look good.