World Liberty Financial (WLFI), co-founded by Donald Trump Jr., witnesses stablecoin USD1 surpass a market cap of 3 billion USD. Launched earlier this year to serve crypto payments for retail users, USD1 quickly reached 1 billion USD in just one month and expanded through partnerships with Coinbase, FalconX, and Solana projects like Bonk and Raydium. Binance integrated USD1 into its ecosystem, offering up to 20% APR interest and converting all collateral assets from BUSD to USD1 at a 1:1 ratio. USD1 also supports the $2 billion MGX trading volume on Binance, attracting attention due to Trump’s involvement and suspicions related to Binance CEO CZ’s pardon.
Recently, the BTC/USD1 trading pair on Binance experienced a flash crash, dropping Bitcoin to $24,000 before recovering, highlighting the risks associated with new, illiquid trading pairs despite USD1’s rapid growth.
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Stablecoin USD1 linked to Mr. Trump surpasses a market value of 3 billion dollars
World Liberty Financial (WLFI), co-founded by Donald Trump Jr., witnesses stablecoin USD1 surpass a market cap of 3 billion USD. Launched earlier this year to serve crypto payments for retail users, USD1 quickly reached 1 billion USD in just one month and expanded through partnerships with Coinbase, FalconX, and Solana projects like Bonk and Raydium. Binance integrated USD1 into its ecosystem, offering up to 20% APR interest and converting all collateral assets from BUSD to USD1 at a 1:1 ratio. USD1 also supports the $2 billion MGX trading volume on Binance, attracting attention due to Trump’s involvement and suspicions related to Binance CEO CZ’s pardon.
Recently, the BTC/USD1 trading pair on Binance experienced a flash crash, dropping Bitcoin to $24,000 before recovering, highlighting the risks associated with new, illiquid trading pairs despite USD1’s rapid growth.