Trump-Backed USD1 Stablecoin Surpasses $2 Billion Market Cap

USD1, a US dollar stablecoin launched by World Liberty Financial (WLFI), has seen explosive growth in the past two months, becoming the seventh-largest stablecoin globally. Its market capitalization has surged to over $2.2 billion as of April 2025, leaving competitors like First Digital USD (FDUSD), PayPal USD (PYUSD), and Tether Gold (XAUT) behind. WLFI’s snapshot vote for a USD1 airdrop is underway, further fueling its upward climb.