The Rise of Trump-Backed Stablecoin Becomes a New Market Focus
USD1 will be launched on Huo bi, a stablecoin launched by Trump-backed World Liberty Financial. As a token already issued on the Ethereum and BNB chains, USD1 has the support of CZ, who calls it a stablecoin on the BNB chain. Recently, MGX paid $2 billion to Binance using USD1, further igniting market enthusiasm.
The heavy investment by Huo bi founder Justin Sun in WLFI has also sparked heated discussions in the community, with many asking whether WLFI will follow suit after USD1 goes live. Huo bi's introduction mentions support for trading BTC, WLFI, and SOL, leaving more possibilities for future development.
Against this backdrop, Stake Stone recently received a USD1 transfer from WLFI, seemingly intending to become the first USD1 DeFi minting service provider and plans to open its liquidity products to retail investors.
Additionally, the growth potential of SOL should not be underestimated! SOL has already seized the potential of the meme trend, creating a new wave of memes, and those with spare cash are also daring to make early investments in some potential meme coins. Among them, the meme coins related to Trump are particularly popular, especially the hero dog Co nan, backed by Trump's strong IP and active community. Recently, its market cap broke through the $10 million mark, and has now slightly pulled back to around $6.5 million, making it a great opportunity for entry and accumulation. The number of holders has exceeded 13.3K and continues to grow, making it highly potential to become a dark horse in the bull market!
