$USD1 issued by Trump's @worldlibertyfi is the fastest growing stablecoin.
USD1 surpasses FDUSD and PayPal's USD in the top 10.
Of its $2.15B supply, $2B comes from an investment in Binance by MGX, a company backed by the Abu Dhabi government, which uses $USD1.
Essentially, Binance has $2B worth of $USD1 tied to WLF.
There is little discussion about the impact of $USD1 on crypto.
The real potential lies in continued growth. We will soon see a phenomenal use case built around USD1.
Or the real use case and growth core is its connection to Trump and its role under the US stablecoin framework, with crypto businesses adopting it to get preferential treatment from the Trump administration.
🫡 Deeper: The Rise of USD1 and the GENIUS Act https://t.co/EDa3SPVK0F
There are a few memecoins paired with USD1: