World Liberty Financial's Stablecoin USD1 Surpasses $1 Billion Market Cap on BNB Chain

According to PANews, the stablecoin USD1, developed by the Trump family's crypto project World Liberty Financial (WLFI), has achieved a market capitalization exceeding $1 billion on the BNB Chain. On-chain data reveals that USD1 has undergone three rapid minting phases, resulting in the issuance of hundreds of millions of dollars worth of USD1 on the BNB Chain. Including the existing supply on Ethereum, the total market value of USD1 now surpasses $1.02 billion. Analysts suggest that this expansion may be part of a broader promotional strategy aimed at enhancing USD1's presence in DeFi protocols, cross-chain liquidity pools, and trading platforms.