The USD1, US Dollar Stablecoin launched by US President Donald Trump, supported by the World Liberty Financial (WLFI), has become seventh largest stablecoin in the world in just two months since its launch.
WLFI’s Snapshot vote for a USD1 AirDrop proposal is conducted, and the capitalization of the USD1 market continues to climb.
Launched in Early March with $ 3.5 million supplyUSD1 expanded to a market cap of $ 2.2 billion at the time of writing, leaving rival Stablecoins first digital USD (FDUSD), Paypal USD (PIUSD) and tether gold (Xau) to the rear, According to to data from coingecko.
Although rising rapidly, the USD1 market cap is still far from the market value of major stablecoins such as Tether’s USDT (USDT) and USDC (USDC), that market covers cost $ 149 billion and $ 61 billion, respectively.
The BNB chain is driving USD1 release
The Trump supported by USD1 is almost exclusively issued to the BNB -supported chain. According to In data from BSCSCAN, nearly $ 2.1 billion of all USD1 supplies were issued to the BNB chain, which costs more than 99% of the total supply of circulating, while the Ethereum-based version costs only $ 14.5 million, According to In Etherscan.
The latest USD1 market is sharp, jumping 1,540% from $ 128 million to $ 2.1 billion in two days in late April, According to This coingecko.
Spike came days before Eric Trump announced that the Firm -based Firm based on Abu Dhabi that MGX was Use USD1 to invest $ 2 billion in Binance.
Justin Sun-Back HTX Among the first CEX to list USD1
As the USD1 market cap spiked, some Centralized exchanges (CEXS) hurried to list Trump supported by Stablecoin.
HTX, a crypto exchange closely related to Tron’s founder Justin Sun and formerly known as Huobi, announced The USD1 list with a permanent removal of zero-fee to the BEP-20 network on May 6.
According to websites such as Coingecko and CoinMarketCap, HTX is one of the first CEXs to list USD1, since the token is primarily available in Decentralized exchange such as pancakeswap and uniswap.
Most WLFI inflows come from outside the US
While the WLFI community voted on the USD1 AirDrop, some reports suggested that WLFI investment primarily originated outside the United States.
According to In a V1PS notaz founder poll, that almost 90% of WLFI investors are likely to come from non-US occupants, including Europe, Asia and Latin America.
One May 7 Bloomberg Report It is also indicated that more than half of the leading Trump-branded memecoins resides abroad.
The increase of USD1 Stablecoin is in line with line Trump’s pro-stablecoin agenda Expressed in the Executive Order on “Strengthening American Leadership in Digital Financial Technology” in January 2025.
While WLFI has become closely interacting with Binance, both Trump and Binance have Repeatedly rejected and criticized reports suggests Any links or deals between the parties.
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