$USD1
Launch of Trump-Linked Stablecoin USD1 on Binance, Political Move or Tether Rival?
Shortly after a high-profile dinner last Thursday hosted by U.S. President Donald Trump with investors backing his $TRUMP MP token, a new stablecoin—USD1—was listed on Binance. USD1 was developed by World Liberty Financial, a company directly linked to the Trump family. The stablecoin is fully backed 1:1 by the U.S. dollar and custodied by BitGo Trust, aiming to offer a secure and reliable digital alternative.
The coin quickly stirred political debate due to its affiliation with President Trump. Currently trading under the pair USD1/USDT, it has started to gain traction. However, on-chain data reveals that a whale transferred $200 million worth of USD1 to Binance recently—part of a total $400 million moved over just two days. The same wallet still holds over $16 billion in USD1, raising alarms about potential market manipulation or large-scale dumping.
Analysts suspect the whale may be connected to entities like DWF and WLFI, both of which are known to hold substantial USD1 reserves.
The critical question now is: Is USD1 a genuine competitor to USDT and USDC, or is it simply a political instrument riding on President Trump’s growing influence in the crypto landscape?
