The market value of the Trump-backed stablecoin USD1 on the BNB Chain exceeds $1 billion
PANews reported on April 30 that, according to CryptoSlate, the market value of the Trump family-backed cryptocurrency project World Liberty Financial (WLFI)’s stablecoin USD1 has surpassed $1 billion on the BNB Chain. On-chain data shows that USD1 has been rapidly minted three times, continuously increasing its issuance on the BNB Chain, with hundreds of millions of dollars worth of USD1 issued there. Combined with the existing supply on Ethereum, the total market value of USD1 now exceeds $1.02 billion. Analysts believe that 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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