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Trump-backed stablecoin USD1 exceeds US$1 billion on BNB Chain

On April 30, it was reported that the stablecoin USD1 of World Liberty Financial (WLFI), a crypto project owned by the Trump family, exceeded US$1 billion on BNB Chain. Chain data shows that three rapid castings of USD1 have continued to be issued on BNB Chain, and USD1 worth hundreds of millions of dollars has been issued on BNB Chain. Coupled with the existing supply on Ethereum, the total market value of USD1 now exceeds US$1.02 billion. Analysts believe the move could be part of a broader promotion strategy aimed at expanding the influence of USD1 in DeFi protocols, cross-chain liquidity pools and trading platforms.

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