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

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PANews
04-30
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PANews reported on April 30 that according to Cryptoslate, the stablecoin USD1 from the Trump family's crypto project World Liberty Financial (WLFI) has exceeded a market value of $1 billion on the BNB Chain. On-chain data shows that USD1 has undergone three rapid minting processes on the BNB Chain, with hundreds of millions of dollars worth of USD1 being continuously issued. Combined with its existing supply on Ethereum, USD1's total market value now exceeds $1.02 billion. Analysts believe 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.

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