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Trump's WLFI Launches USD1 Stablecoin, Market Valuation Surges 27.8%

Coin WorldWednesday, Apr 16, 2025 11:08 am ET

1min read

The Trump family's cryptocurrency venture, WLFI, has successfully launched its USD-backed stablecoin, USD1, on the Binance Smart Chain (BSC). As of April 16, over 113 million USD1 tokens have been issued, representing approximately 90% of the total circulating supply. The market valuation of USD1 has surged to nearly 127.8 million USD, with a significant 24-hour trading volume. The asset’s total value locked (TVL) across both BNB Chain and Ethereum exceeds 30 million USD.

USD1 has expanded its reach by launching a trading pool on Pancakeswap, where the liquidity pool has surpassed 19 million USD. The USD1 TVL on Pancake V3 is 10.95 million USD, further solidifying its market presence. Additionally, the lending platform ListaDao on the BNB Chain has introduced the USD1 Vault, allowing users to borrow up to 20 million USD against collateral such as BTCB and WBNB.

USD1 is fully backed by government assets, including short-term US Treasury bonds and US dollar deposits, ensuring a 1:1 peg to the US dollar. This stablecoin is designed to provide sovereign investors with an efficient tool for cross-border transactions. Furthermore, USD1 is part of the BNB Chain’s zero gas fee initiative for stablecoin transfers, making transactions more accessible for a wider user base. According to the data, stablecoins on the BNB Chain have reached a total market value of 7.2 billion USD.

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