🔹️latest news
🔹️ 08 may 2025
USD1, a stablecoin backed by World Liberty
Financial and supported by President Donald
Trump, has quickly become the seventh-largest
stablecoin globally within just two months of its
launch. With a market capitalization of $2.2
billion, USD1 has outpaced competitors like
FDUSD, PYUSD, and XAUT. Despite its rapid
growth, USD1 still lags behind major
stablecoins like USDT and USDC, which have
market caps of $139 billion and $61 billion,
respectively. The majority of USD1 supply is
issued on Binance-backed BNB Chain, with only
a small portion on the Ethereum network. The
recent surge in USD1's market cap, fueled by an
investment announcement from Abu
Dhabi-based MGX, led to its listing on various
centralized exchanges. Reports suggest that
most WLFI investors are from outside the US,
aligning with Trump's push for stablecoin
adoption. Despite close ties between WLFI and
Binance, both Trump and Binance have denied
any formal agreements.