Eric Trump, son of U.S. President Donald Trump, has acknowledged the fast 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 pace and scale, positioning it forward of a number of longstanding gamers within the crypto house.
Commenting on the achievement, Eric expressed delight in USD1’s spectacular ascent in a publish on X.
Very pleased with this acomplishment! @worldlibertyfi https://t.co/mQqOViXPKd
— Eric Trump (@EricTrump) Could 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.
In line with information from BscScan, the stablecoin skilled a sequence of huge mints all through the interval, with particular person transactions ranging between $50 million and $99 million. These inflows replicate notable backing and rising utility for the asset throughout the Binance Good 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. Nonetheless, 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 way 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 Function 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 trade’s first main institutional placement.
The id of the stablecoin used was initially undisclosed. Nonetheless, through the Token2049 convention in Dubai, WLFI co-founder Zach Witkoff confirmed USD1’s function within the transaction.
The affirmation of USD1 because the chosen stablecoin provides operational relevance to its current market development. The deal additionally gives the asset with publicity in a high-profile funding, reinforcing its performance inside large-scale monetary transactions on world platforms.
