Yes, USD1 (stablecoin from World Liberty Financial or WLFI) has been thoroughly audited and complies with full regulations at the institutional level, particularly under the US regulatory framework. Here are the main points:
### Audit:
- Smart contracts are audited by Peckshield, which found no critical vulnerabilities in the core architecture.
- The platform's assets and finances are routinely audited by independent third parties to ensure transparency.
### Regulatory Compliance:
- Backed 1:1 by USD reserves (including cash deposits, short-term US Treasury bonds, and cash-equivalent assets), managed by Fidelity Investments and held at BitGo Trust Company (under the regulated South Dakota trust charter).
- Complies with comprehensive AML/KYC practices; all token sale participants must undergo KYC verification (more than 85,000 participants have met this).
- Operates under the US regulatory framework for consumer protection and DeFi compliance, including integration with secure Ethereum and BNB Chain blockchains.
USD1 is designed for institutional standards with security features such as multi-signature and cold storage from BitGo, which has processed billions of dollars in transactions. This makes it one of the most transparent and compliant stablecoins since its launch in March 2025. If you need further details, such as specific audit reports, I can help look deeper!
