PANews reported on April 16 that according to Coinmarketcap and BscScan data, as of now, the US dollar stablecoin USD1 of the Trump family crypto project WLFI has issued more than 113 million USD1 on the BNB Smart Chain (BSC), accounting for nearly 90% of the circulation. The current total market value of $USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million US dollars. The combined TVL of BNB chain and Ethereum exceeds 30 million US dollars.
In addition, $USD1 recently opened the Pancakeswap trading pool. Currently, Pancake's USD1 liquidity pool exceeds 19 million, and Pancake V3's USD1 TVL is 10.95 million US dollars. BNB chain pledge agreement ListaDao's lending product has also recently opened the USD1 Vault, which provides a USD1 loan limit of 20 million US dollars. Users can borrow USD1 through BTCB and WBNB as collateral assets.
USD1 will be 100% backed by short-term U.S. Treasury bonds, U.S. dollar deposits and other cash equivalents, pegged 1:1 to the U.S. dollar, and aims to provide sovereign investors and institutions with a safe and efficient cross-border trading tool.
Currently, USD1 has been included in the BNB Chain stablecoin 0 gas fee activity, providing more users with a smooth stablecoin transfer experience. BNB Chain has been committed to broadening the stablecoin scenario and promoting large-scale crypto applications. According to Dune's data today, the total market value of BNB chain stablecoins is US$7.2 billion.
