The Trump Family's WLFI USD1 Stablecoin has reached a market capitalization of $127.8 million, with over 113 million coins issued on the Binance Smart Chain, accounting for almost 90% of the current total circulation.
2 days ago
On April 16th, based on Coinmarketcap and BscScan data, as of now, the cryptocurrency project WLFI of the Trump family has issued over 113 million USD1 on the Binance Smart Chain (BSC). This accounts for nearly 90% of the circulating supply. The current total market value of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million USD. The total value locked (TVL) on both the BNB Chain and Ethereum exceeds 30 million USD.
In addition, USD1 recently opened a trading pool on Pancakeswap. The USD1 liquidity pool on Pancake exceeds 19 million, and the USD1 TVL on Pancake V3 is 10.95 million USD. The lending protocol ListaDao on the BNB Chain recently launched the USD1 Vault, which provides a USD1 lending limit of 20 million USD, allowing users to borrow USD1 by collateralizing assets such as BTCB and WBNB.
USD1 is 100% backed by short-term US Treasury bonds, US dollar deposits, and other cash equivalents and is pegged 1:1 to the US dollar. It aims to provide sovereign investors and institutions with a secure and efficient cross-border transaction tool.
Currently, USD1 has been included in the BNB Chain's stablecoin 0 gas fee initiative, providing a smooth stablecoin transfer experience for more users. The BNB Chain has been committed to expanding the stablecoin scene to promote the large-scale use of cryptocurrency. According to today's data from Dune, the total market value of stablecoins on the BNB Chain is 7.2 billion USD.
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