According to Foresight News, CMC, and BscScan data, the USD1 stablecoin from Trump family's crypto project WLFI has issued over 113 million tokens on the BNB Smart Chain (BSC), accounting for nearly 90% of its circulation. USD1's current total market value is close to $127.8 million, with a 24-hour trading volume of nearly $100 million, and the combined TVL on BNB Chain and Ethereum exceeds $30 million.
Additionally, USD1 recently opened a trading pool on PancakeSwap, with its liquidity pool currently exceeding $19 million, and USD1's 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 USD1 lending quota of $20 million, where users can borrow USD1 using BTCB and WBNB as collateral assets.
USD1 is backed by short-term US Treasury bonds, US dollar deposits, and other cash equivalents, pegged 1:1 to the US dollar, and aims to provide a safe and efficient cross-border transaction tool for sovereign investors and institutions.
