๐จ Trump-Backed Stablecoin USD1 Hits Top 5! ๐
Big moves in the stablecoin world: USD1, backed by Donald Trump, just surged to a $2.1B market cap, making it the 5th largest stablecoin globally.
Key Drivers:๐
๐น$2B investment from Abu Dhabi
๐นIssued via Binance Smart Chain
๐นRising momentum ahead of the GENIUS Act vote in the Senate
But itโs not all smooth sailing โ the GENIUS Act is catching heat for conflict-of-interest concerns linked to the Trump family.
Market Watch: ๐ถ
USD1's rapid rise could reshape the stablecoin landscape โ but political pressure might test its stability.