According to online reports, according to CNBC, data shows that the stablecoin USD1 launched by Trump's World Liberty Finance has a poor start, with weak capital inflows and lack real demand. Kaiko analyst Adam Morgan McCarthy said the token has not yet successfully transitioned from a decentralized trading platform to a centralized trading platform serving the mass market. According to Kaiko research, the average daily trading volume of USD1 on PancakeSwap, a decentralized exchange based on the Binance Smart Chain, once exceeded US$14 million. The transaction volume on the Binance platform itself is only US$8 million. And more than half of the liquidity on PancakeSwap comes from three wallets."These are market-making wallets, not real needs." McCarthy said. USD1 has not yet shown widespread market acceptance. For example, the average daily trading volume of Ripple's newly launched RLUSD is about US$50 million, far exceeding USD1. One of the main reasons for lagging behind is the lack of institutional partners or marketing incentives, which are often key factors that gain attention in the early stages of the stablecoin market.