World Liberty quietly launches USD1 stablecoin, now trading on Ethereum and BSC.
CoinMarketCap reports that the trade volume of USD 1 has increased by more than 6,700% in the previous twenty-four hours, and it is currently at more than 140 million dollars.
This spike is just a few days after its low-key introduction. Its market capitalization is approximately 128 million dollars at the moment. Additionally, the USD1 logo is accessible on Binance as well as CoinMarketCap at this time.
On March 24th, blockchain analysts made the initial discovery of a smart contract deployment on Binance Smart Chain that was worth one dollar. During that time, it seemed as though the activity was restricted to testnet transactions, which included contacts with wallets that were connected to the cryptocurrency market maker Wintermute.
WLFI confirmed the launch plans for USD 1 on March 25, although they did not specify a launch date or exchange listing at that time. With the deployment of the initial liquidity pools, including USD 1 on Uniswap V3 and PancakeSwap V3, the actual mainnet soft launch appears to have taken place around the 12th of April.
For now, however, WLFI has not yet announced any listings on controlled exchanges. WLFI was able to evaluate the market traction and infrastructure in real-world conditions thanks to the debut, which appears to have been strategically discreet.
Legislators and financial commentators alike have expressed concern regarding Trump’s connections to USD1, which is a stablecoin that is backed by U.S. Treasuries, cash, and equivalents, with BitGo serving as the reserve custodian.
When the House Financial Services Committee held a hearing on April 2 to discuss the regulation of stablecoins, Democratic Representative Maxine Waters stated that President Trump might intend to use USD1 as a substitute for the United States dollar in government duties.
In his statement, Mateusz Kara, CEO of Ari10, stated that President Trump’s support for USD1 is less about embracing cryptocurrency and more about developing a new route for the distribution of global U.S. debt.
