According to Cryptoslate, the stablecoin USD1, a crypto project under the Trump family, broke the market value of USD1 on BNB Chain. On-chain data shows that the three rapid castings of USD1 have been issued continuously on BNB Chain, and the hundreds of millions of dollars of USD1 have been issued to BNB Chain. Coupled with the existing supply on Ethereum, the total market capitalization of USD1 is now over $1.02 billion. Analysts believe the move may be part of a broader promotion strategy aimed at expanding USD1’s influence in DeFi protocols, cross-chain liquidity pools and trading platforms.
Data: Trump Family WLFI USD Stablecoin USD1 market cap breaks $1 billion on BNB Chain
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