The market value of the Trump-backed stablecoin USD1 on the BNB Chain exceeds $1 billion
PANews reported on April 30 that, according to CryptoSlate, the market value of the Trump family-backed cryptocurrency project World Liberty Financial (WLFI)’s stablecoin USD1 has surpassed $1 billion on the BNB Chain. On-chain data shows that USD1 has been rapidly minted three times, continuously increasing its issuance on the BNB Chain, with hundreds of millions of dollars worth of USD1 issued there. Combined with the existing supply on Ethereum, the total market value of USD1 now exceeds $1.02 billion. Analysts believe that this move may be part of a broader promotional strategy aimed at expanding USD1's influence in DeFi protocols, cross-chain liquidity pools, and trading platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin's 7-Day Volatility Hits 563-Day Low
Data: A whale spends $5.18 million to buy 53.87 WBTC after two months of dormancy
Bitcoin's Historical Returns in May: 6 Gains and 6 Losses Since 2013
Trending news
MoreCrypto prices
More








