USD1 Becomes 7th-Largest Stablecoin Two Months After Launch


Trump-backed $USD1 stablecoin has become the world's seventh-largest #stablecoin with a $2.2 billion market cap just two months after launch.


The token's supply exploded from a modest $3.5 million in March to overtake rivals $FDUSD, $PYUSD, and $XAUt, though it remains far behind market leaders $USDT ($149B) and $USDC ($61B).


Nearly 99% of $USD1 supply is issued on #BNB Chain, with only $14.5 million on Ethereum, according to blockchain explorers.


A dramatic 1,540% market cap surge from $128 million to $2.1 billion occurred days before Eric Trump announced Abu Dhabi-based MGX's $2 billion Binance investment.


Justin Sun-backed HTX became one of the first centralized exchanges to list $USD1 with permanent zero-fee withdrawals on BEP-20 network.

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May 07, 2025 at 9:50 PM
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