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Trump-Linked World Liberty Financial’s USD1 Stablecoin Skyrockets from $130M to Over $2B in Market Cap Since Late April
The supply of USD1, a stablecoin issued by Trump-affiliated World Liberty Financial (WLFI), has surged dramatically—from under $130 million on April 27 to more than $2.1 billion today. According to CoinGecko, USD1 now ranks as the seventh-largest stablecoin by market capitalization.
Data from CoinGecko, CoinMarketCap, and DefiLlama indicates that over $720 million worth of USD1 was minted by April 28, with its supply topping $2 billion just two days later. BscScan, the main block explorer for Binance Smart Chain where USD1 is primarily issued, shows multiple large mint transactions during this period, ranging from 50 million to 99 million USD1 each.
On May 1, Abu Dhabi investment firm MGX announced plans to use USD1 to settle a $2 billion investment into Binance. Brandon Kae, a research analyst at The Block, suggested this deal likely fueled the token’s rapid expansion. WLFI has been contacted for comment.
WLFI introduced its USD1 stablecoin in March and officially launched it in April. The stablecoin is reportedly backed 1:1 by short-term U.S. Treasuries, dollar deposits, and cash equivalents. WLFI also intends to distribute a portion of USD1 to its token holders via airdrop, both as a reward and to trial its on-chain distribution mechanism.
USD1 enters a $231 billion stablecoin ecosystem largely controlled by Tether (USDT) and Circle’s USDC, which hold $149 billion and $60 billion in market cap, respectively—together comprising over 90% of the USD-backed stablecoin market.
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