ChainCatcher reports that according to Coinmarketcap and BscScan data, up to now, the USD1 stablecoin of Trump family's crypto project WLFI has issued over 113 million USD1 on the BNB Smart Chain (BSC), accounting for nearly 90% of its circulation. The current total market value of USD1 is close to $127.8 million, with a 24-hour trading volume of nearly $100 million, and the total TVL on BNB Chain and Ethereum exceeds $30 million.
Additionally, USD1 recently opened a trading pool on PancakeSwap, with the USD1 liquidity pool currently exceeding $19 million, and the USD1 TVL on PancakeSwap V3 is $10.95 million. The lending product of BNB Chain staking protocol ListaDao has also recently launched a USD1 Vault, providing a $20 million USD1 lending quota, where users can borrow USD1 using BTCB and WBNB as collateral assets.
USD1 will be 100% backed by short-term US Treasury bonds, US dollar deposits, and other cash equivalents, anchored 1:1 to the US dollar, aiming to provide a safe and efficient cross-border transaction tool for sovereign investors and institutions.
Currently, USD1 has been included in the BNB Chain's zero gas fee stablecoin activity, providing a smooth stablecoin transfer experience for more users. BNB Chain has been committed to expanding stablecoin scenarios and promoting mass adoption of crypto. According to Dune's data today, the total market value of stablecoins on BNB Chain is $7.2 billion.
