Since the launch of USD1 in March 2025, it achieved a market value of $2.1 billion in just over a month. This rapid rise made USD1 the fastest-growing stablecoin in history, largely due to a major institutional deal.
At the Token2049 conference in Dubai in April 2025, Zach Whitcoff, co-founder of WLFI, announced that USD1 was selected to facilitate a $2 billion investment deal between MGX in Abu Dhabi and Binance. This exclusive deal highlighted the appeal of USD1 to institutions and contributed to the sharp increase in its market value