Trump-backed stablecoin USD1 surpasses $1 billion market cap on BNB Chain

PANews reported on April 30 that according to Cryptoslate, the stablecoin USD1 of World Liberty Financial (WLFI), a crypto project under the Trump family, has a market value of over $1 billion on BNB Chain. On-chain data shows that three rapid castings of USD1 have been continuously issued on BNB Chain, and hundreds of millions of dollars worth of USD1 have been issued to BNB Chain. Combined with the existing supply on Ethereum, the total market value of USD1 has now exceeded $1.02 billion. Analysts believe that this move may be part of a broader promotion strategy to expand the influence of USD1 in DeFi protocols, cross-chain liquidity pools, and trading platforms.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Shanghai Telecom launches Token-based tariff packages: 1 yuan corresponds to 250,000 credit points, supporting mobile bill payments.
PANews Newsflash