📊USD1/USDT: USD1 Climbs to Top 5 Stablecoins Amid Market Surge

As of May 24, 2025, USD1 is trading at $0.9995, maintaining its peg with a 24-hour range between $0.9901 and $1.008. The stablecoin's market capitalization has reached $2.15 billion, positioning it among the top five stablecoins globally.

This growth follows USD1's recent listing on Binance, which led to a 31.9% increase in trading volume. The stablecoin, issued by World Liberty Financial (WLFI) and backed by the Trump family, is supported by cash, short-term U.S. Treasuries, and dollar deposits, with BitGo Trust Company serving as the regulated custodian.

A notable development includes a $2 billion investment from Abu Dhabi's MGX into Binance, facilitated using USD1. Additionally, WLFI has engaged with governments in Pakistan, Malaysia, and Kyrgyzstan, promoting USD1 as a tool for global transactions.

In comparison, Tether (USDT) continues to dominate the stablecoin market, trading steadily at $1.00.

With its rapid ascent and strategic partnerships, USD1 is emerging as a significant player in the stablecoin arena.