Data: The market value of Trump family WLFI stablecoin USD1 on BNB Chain exceeds 1 billion dollars

ChainCatcher news, according to Cryptoslate, the stablecoin USD1 from the Trump family's crypto project World Liberty Financial (WLFI) has surpassed a market capitalization of $1 billion on the BNB Chain.

On-chain data shows that USD1 has undergone three rapid minting events, with hundreds of millions of USD1 being minted on the BNB Chain. Combined with the existing supply on Ethereum, the total market capitalization of USD1 has now exceeded $1.02 billion.

Analysts believe that this move may be part of a broader promotional strategy aimed at expanding USD1's influence in DeFi protocols, cross-chain liquidity pools, and trading platforms.