USD1, issued by BitGo Trust Company, Inc. and tokenized by World Liberty Financial, is a U.S. dollar-pegged stablecoin that maintains a 1:1 peg and is fully backed by reserves held in segregated accounts for the benefit of holders [S1][S2].

Each USD1 represents a contractual claim to one U.S. dollar (USD) redeemable 1:1 with BitGo [S2]. The token tracks the U.S. dollar and is 100% backed by cash, U.S. Treasuries, U.S. government money market funds, and other cash equivalents [S1][S3]. USD1 pays no yield to holders; BitGo and the World Liberty Financial parties retain net fees earned from interest on the reserves, and holders are not entitled to those earnings [S2].

USD1 is issued and custodied by BitGo Trust Company, Inc., a South Dakota-chartered trust company, and/or BitGo Technologies LLC, a federally registered money services business and state-licensed money transmitter [S2]. World Liberty Financial markets but does not issue or custody the token [S4]. A holder's right is a contractual redemption right against BitGo, not a security interest or equity claim [S2]. Minting and redemption are subject to BitGo onboarding, verification, and compliance approval, with KYC applied to certain activities [S2][S4]. Only eligible BitGo customers redeem directly at 1:1 parity; reserves are held in segregated accounts for holders [S2].

USD1 deploys each chain's standard token contract across Ethereum (ERC20), BNB Smart Chain (BEP20), Solana (SPL), TRON (TRC20), Aptos, and further EVM networks including Plume, Mantle, and XLayer, with cross-chain transfers via Chainlink CCIP [S5]. BitGo mints on deposit and burns on redemption [S5]. Transparency comes from monthly attestations and a live Chainlink proof-of-reserves dashboard [S3][S5].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.worldlibertyfinancial.com/usd1-token/what-is-usd1" },
    { id: "S2", url: "https://docs.worldlibertyfinancial.com/usd1-token/usd1-risk-disclosures" },
    { id: "S3", url: "https://docs.worldlibertyfinancial.com/usd1-token/proof-of-reserves" },
    { id: "S4", url: "https://docs.worldlibertyfinancial.com/usd1-token/minting" },
    { id: "S5", url: "https://docs.worldlibertyfinancial.com/llms-full.txt" },
  ]}
/>


# USD1 Asset redemptions methodology

## 1. Overview

USD1 Asset redemptions measures the total value of tokens that are burned in exchange for offchain collateral assets. This metric reflects user demand to exit USD1 positions and reclaim the underlying backing. The daily value is derived by identifying burn events across all supported blockchains and aggregating the total volume. All values are converted to USD using end-of-day price feeds to provide a standardized view of asset exits.

## 2. Data sources

- **EVM chain events**: `Burn` events from `USD1` contracts on Ethereum and BSC
- **External data**: End-of-day price feeds and asset metadata

<AddressTable metricId="asset_redemptions" dataId="worldlibertyfinancial" />

## 3. Step-by-step calculation

### Component A: Redemption event extraction

- **Purpose**: To identify and retrieve all instances where USD1 tokens are removed from circulation.
- **Logic**: For USD1 on Ethereum and BSC, `Burn` events are parsed from `USD1` contracts. Events that have been marked as removed or reverted are excluded from the dataset. The volume of tokens burned is retrieved from the event parameters.
- **Key fields**: `amount` (the quantity of tokens burned), `address` (the token contract address)

### Component B: Token amount normalization

- **Purpose**: To convert raw blockchain integers into human-readable token amounts.
- **Logic**: Raw amounts extracted from the `Burn` events are normalized by decimal precision using asset metadata. This ensures that the redemption volume correctly reflects the units of USD1 being processed on-chain.
- **Key fields**: `asset_redemptions` (the normalized quantity of burned tokens)

### Component C: Final aggregation and valuation

- **Purpose**: To consolidate data across chains and calculate the final USD value.
- **Logic**: Normalized redemption amounts are aggregated by day, chain, and token address. The total daily volume is then multiplied by end-of-day price feeds to determine the USD value of the assets redeemed. The calculation is expressed as: `redemption_value_usd = normalized_amount × price_usd`.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets redeemed or burned for underlying collateral.

Asset redemptions

Stablecoins

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Stablecoin issuers

World Liberty Financial

World Liberty Financial USD1 (USD1) is a U.S. dollar stablecoin issued by World Liberty Financial through BitGo Trust Company, Inc.

Each token is redeemable one-for-one for U.S. dollars and is a direct claim on the issuer.

Reserves are held in cash, Treasury bills, money market funds, and other assets, in accounts segregated from the issuer's own funds.

They sit with BitGo Trust Company, Inc. and BitGo Technologies LLC.

Retail investors and institutions can mint and redeem directly with World Liberty Financial in USD, and holders have a contractual right to redeem at par.

BitGo Trust Company, Inc. operates under a U.S. state trust charter.

USD1 has been issued on public blockchains since March 2025 and is native to BNB Chain, Ethereum, Tron, Solana, and Aptos, with bridged versions on five more.

World Liberty Financial USD1USD1