Soaring 1540%! The USD1 supported by Trump ranks as the seventh largest stablecoin in the world, shocking the crypto community!

The USD stablecoin USD1 launched by the World Liberty Financial (WLFI), backed by former U.S. President Trump, has seen its market capitalization soar to $2.2 billion in just two months since its launch in early March, surpassing FDUSD, PYUSD, and Tether Gold to become the seventh largest stablecoin globally! Currently, WLFI is conducting a snapshot vote for the USD1 airdrop proposal, with unprecedented market enthusiasm.

According to CoinGecko data, the market cap of USD1 skyrocketed 1540% in just two days at the end of April, jumping from $128 million to $2.1 billion. Notably, USD1 is almost entirely issued based on the BNB chain supported by Binance, with over 99% of its circulation coming from BEP-20, while only $14.5 million was issued on the ETH chain.

HTX (formerly Huobi), supported by Sun Yuchen, was the first to launch USD1 on May 6 and introduced permanent zero-fee withdrawals, becoming one of the first centralized exchanges (CEX) to support it. Currently, USD1 is mainly active on decentralized exchanges (DEX) like PancakeSwap and Uniswap.

Although the WLFI headquarters and most of the funding come from outside the U.S., the explosive growth of USD1 aligns with Trump’s executive order in 2025 to “strengthen America’s leadership in digital finance,” igniting the battle for stablecoin dominance. The world’s attention is focused, as the American version of the “digital dollar” is rapidly rising!