USD1 — a new loud player among stablecoins 💵🔥

In March 2025, USD1 — a dollar-backed stablecoin from World Liberty Financial, linked to the Trump family, entered the market.

📌 Key facts:

Pegged to $1 and backed by cash, US Treasury bonds, and equivalents.

Reserves are held by the custodian BitGo.

Launched on the Ethereum and BNB Smart Chain networks.

Market capitalization for the first month — about $2.1 billion.

⚡ Why is it being discussed?

USD1 is positioned as an “institutionally ready” asset, but the political connection and major deals (e.g., $2 billion investment in Binance through USD1) spark heated debates.

💭 A question for you: Will USD1 become a new competitor to USDT and USDC, or is it a political project with a limited future?

#crypto #USD1 #stablecoin