PANews reported on May 26 that according to Bitget's announcement, the stablecoin USD1 issued by World Liberty Financial has been officially launched in its Innovation Zone and Web3 Zone, supporting trading pairs of USD1/USDT and USD1/USDC. USD1 is 100% backed by short-term US Treasury bonds, US dollar deposits and other cash equivalents. It was initially issued on Ethereum and BSC chains, and plans to expand its use on other chains. Withdrawals will be open at 11:00 (UTC) on May 27.