Eric Trump, son of U.S. President Donald Trump, has acknowledged the speedy development of USD1, the stablecoin backed by World Liberty Monetary (WLFI).
In simply two months, the dollar-pegged digital asset has reached a $2.1 billion market cap, making it the seventh-largest stablecoin in circulation. The stablecoin’s trajectory has gained consideration for its velocity and scale, positioning it forward of a number of longstanding gamers within the crypto house.
Commenting on the achievement, Eric expressed pleasure in USD1’s spectacular ascent in a submit on X.
Very happy with this acomplishment! @worldlibertyfi https://t.co/mQqOViXPKd
— Eric Trump (@EricTrump) Might 9, 2025
USD1 Climbs Market Ranks in Weeks
Following its formal launch in early April, USD1 moved swiftly from an preliminary provide of $3.5 million to a provide exceeding $2 billion by April 30.
Based on knowledge from BscScan, the stablecoin skilled a collection of enormous mints all through the interval, with particular person transactions ranging between $50 million and $99 million. These inflows mirror notable backing and rising utility for the asset throughout the Binance Sensible Chain.
The general stablecoin market holds a valuation of $245 billion, with Tether’s USDT main at $149.7 billion and USDC at $60 billion. Nevertheless, USD1 has already surpassed PayPal USD at $871 million, Tether Gold at $818 million, and First Digital USD at $1.5 billion.
This ascent locations USD1 in a aggressive tier inside a tightly watched phase of the digital forex ecosystem.
World Liberty Monetary has beforehand outlined that USD1 maintains full asset backing, supported by means of a mixture of short-duration U.S. Treasury devices, liquid money holdings, and U.S. dollar-based reserves.
As a part of its operational rollout, the agency additionally plans to distribute a restricted quantity of USD1 on to WLFI token holders.
Confirmed Position in $2 Billion Binance Deal
In the meantime, USD1 was chosen because the official transaction medium for a $2 billion funding by Abu Dhabi-based MGX into Binance. This institutional deal, first introduced by Binance in March 2025, marks the alternate’s first main institutional placement.
The identification of the stablecoin used was initially undisclosed. Nevertheless, in the course of the Token2049 convention in Dubai, WLFI co-founder Zach Witkoff confirmed USD1’s position within the transaction.
The affirmation of USD1 because the chosen stablecoin provides operational relevance to its latest market development. The deal additionally supplies the asset with publicity in a high-profile funding, reinforcing its performance inside large-scale monetary transactions on world platforms.
