USD1 stablecoin: Community-driven model leads a new era of stablecoins

[Coin World] On September 23, Zak Folkman, co-founder of World Liberty Financial, stated at the KBW 2025 summit in South Korea that the stablecoin USD1 plays a unique role and function in the WLFI project, standing out with its community-driven model that allows community users to participate in its development and direction decision-making. Moreover, USD1 fully complies with the requirements of the U.S. "Genius Act," supported by cash and cash equivalents at a 1:1 ratio, and stored in a bankruptcy isolation structure to ensure user safety, with monthly verification reports and a Proof of Reserves mechanism ensuring transparency. USD1 is committed to replacing traditional transaction methods in retail, DeFi, and institutional fields, and plans to launch features such as a retail application and debit card. Expansion plans include integration with mainstream blockchains and a focus on the Asian market. Zak emphasized the governance rights of WLFI token holders to ensure community participation in decision-making. Security measures such as the wallet blacklist mechanism protect user rights while promoting the popularity of mainstream applications. The ultimate goal is to make USB1 the most widely adopted stablecoin globally.