Trump-Backed Stablecoin USD1 Soars to 7th Position on Global Market

Donald Trump’s involvement in the cryptocurrency market has yielded a significant development: the emergence of USD1, a stablecoin gaining traction rapidly. This digital currency, backed by financial assets and issued on the BNB Chain, has witnessed explosive growth since its launch, surpassing established players like FDUSD and Tether Gold to become the seventh most popular stablecoin worldwide within just two months. This success is attributed to several factors: Trump’s influence, strategic partnerships with Binance, and a focus on institutional investors. USD1’s swift ascent signals a significant shift in the stablecoin landscape.