Bybit Launches USD1 Trading and Integrated WLFI Rewards

@Bybit_Official has listed $USD1, the dollar-backed stablecoin issued by @Worldlibertyfi, adding it as a primary liquidity asset on the platform. The integration comes with a yield incentive program that allows holders to earn daily $WLFI rewards from a 45,000,000-token prize pool, with returns of up to 20% APR on offer.

Bybit has also accepted $USD1 as eligible collateral across its margin trading desks, institutional lending facilities, and crypto loan products, embedding the asset into the exchange's core financial infrastructure.

What Is USD1?

$USD1 is a US-dollar stablecoin issued by World Liberty Financial, custodied by BitGo Trust Company, and backed by cash and short-duration US Treasury bills with reserves managed by BlackRock. Launched on Ethereum and BNB Chain in March 2025, $USD1 reached a market capitalization above $4 billion by April 2026, making it one of the fastest-growing fiat-backed stablecoins of the year.

$WLFI serves as the rewards, governance, and investment token, while $USD1 facilitates stablecoin services within the broader World Liberty Financial ecosystem. The $WLFI token was initially non-transferable but became tradable in July 2025.

Growing Exchange Footprint

The Bybit listing is the latest in a string of major exchange integrations for $USD1. World Liberty Financial previously announced an expansion of $USD1 trading pairs on Binance, with users able to trade BNB/$USD1, ETH/$USD1, and SOL/$USD1 across the platform's most active spot markets. $USD1's availability on Coinbase also marked a key milestone in WLFI's plan to make its stablecoin technology globally accessible to institutional and retail users alike.

World Liberty Financial has previously distributed WLFI tokens to participants who earned points by trading $USD1 pairs on partner exchanges and maintaining $USD1 balances, a model that the Bybit rewards program appears to build on. $USD1's growth strategy has focused on securing large-scale institutional partnerships and integrations as a primary settlement asset on major trading platforms.

Sources:
World Liberty Financial: Meet USD1 (Official)
BusinessWire: Binance Adds Major USD1 Trading Pairs
The Block: World Liberty Financial to Distribute WLFI for Early USD1 Adopters