World Liberty Financial’s USD1 Stablecoin Sees 6,700% Surge in Trading Volume on Binance and Ethereum
World Liberty Financial Inc. has discreetly launched its USD1 stablecoin, now trading on Ethereum and Binance Smart Chain. Despite the lack of an official announcement, the stablecoin has experienced a staggering 6,700% increase in trading volume within 24 hours, reaching over $140 million. With a market cap of approximately $128 million, USD1 is gaining rapid traction in the crypto market.
World Liberty Financial Inc. Launches USD1 Stablecoin on Ethereum and Binance Smart Chain
World Liberty Financial Inc. has quietly launched its USD1 stablecoin, which is now live and actively trading on both Ethereum and Binance Smart Chain. Despite no formal launch announcement, USD1’s trading volume has surged by over 6,700% in the past 24 hours, currently at over $140 million. Its market cap currently stands at around $128 million. The USD1 logo is also now visible on both Binance and CoinMarketCap. Blockchain analysts first spotted a USD1 smart contract deployment on Binance Smart Chain on March 24, which initially appeared to be limited to testnet transactions. On March 25, WLFI confirmed the launch plans for USD1.
Binance Seeks Less Oversight While Battling Legal Issues and Ties to Trump: WSJ
Binance executives recently met with US Treasury officials to discuss reducing government oversight and a potential collaboration with Trump-backed crypto company World Liberty Financial. The executives asked to ease the government oversight and requested the removal of a watchdog monitoring their compliance with anti-money laundering laws. Additionally, Binance is in talks over listing a new dollar-pegged cryptocurrency from WLF.
Binance Whales Show Strength Amid Market Chaos as Bitcoin Hits $84K
Trump’s tariff drama caused market turmoil until he paused tariffs for 90 days, allowing Bitcoin to surge to $84K. The overall crypto market remains uncertain, with focus on Binance whales. According to CryptoQuant analyst Darkfost, Binance whales are exhibiting restraint and patience during this global economic crisis.
