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Trump-Linked USD1 Stablecoin Sees $2.12 Billion Market Cap on BNB Chain.

By: tronweekly|2025/05/10 08:15:05
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The Trump-related stablecoin USD1 by World Liberty Finance has risen from a $130 million market cap to $2.12 billion since late Apr 2025.USD1’s rapid growth has put it at the second-largest stablecoin on the BNB Chain and has had a major impact on the chain’s stablecoin market.The crypto community is following USD 1’s uptrend with anticipation, political branding and speculations about its recognition notwithstanding questions regarding its long-term stability.There is a new stablecoin called USD1 that has seen an explosive rise in value. It was developed by World Liberty Finance and connected to the U.S. President, Donald Trump.USD1’s market capitalization has skyrocketed from $130 million to more than $2.12 billion in a matter of weeks, since late April 2025, according to a post by CryptoRank.io on X. This drastic surge has put USD1 up there as one of the top stablecoins by market cap on the Binance Smart Chain.USD1’s Stablecoin Growth Affiliated with Political BrandingStablecoins refer to digital currencies that are pegged to a fixed value, commonly the US dollar. The stablecoin, USD1, seems to have become very popular quickly not only because of its backing but likely of its political branding and association with Trump’s name, which has attracted speculators and supporters alike.As of May 9th, 2025, $2.11 billion of USD1 has been issued on the BNB Chain. This abundant stock of USD1 effectively contributed toward the rise of the total stablecoin market cap on BNB Chain to approximately $10 billion. This is important because it demonstrates how much power one new fiat-pegged crypto asset can instill in a major blockchain ecosystem within a very short period.USDT Still Dominates Despite USD1’s SurgeA graphic in the CryptoRank.io post shows that Tether (USDT) still dominates this market in the BNB Chain with a $5.18bn market cap. Then comes USD Coin (USDC) at $889 million, USDX at $485 million, Binance USD (BUSD) at $259 million, and now USD1 in second place at $2.11 billion.Source: X @CryptoRank_ioThere are also others, such as USDF and FDUSD, which also emerge on the list, though the amounts of their market cap are significantly smaller, around $36 million to $125 million.Related Reading | JasmyCoin (JASMY) Retests Resistance, $0.025 Price Target in Sight

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