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Trump-backed USD1 is now the seventh-largest stablecoin worldwide
By: the crypto news wire|2025/05/07 22:15:02
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Donald Trump-backed USD1 stablecoin has seen its market cap rise from $128 million to above $2 billion days before MGX’s $2 billion investment announcement by Eric Trump. USD1, the US dollar stablecoin launched by the US President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch. WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb. Launched in early March with a $3.5 million supply , USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD ( FDUSD ), PayPal USD ( PYUSD ) and Tether Gold ( XAUT ) behind, according to data from CoinGecko. Read more
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