Trump-Backed Stablecoin USD1 Seeks New Heights after $200 Million Binance Transfer

A significant move in the cryptocurrency market has seen over $200 million of USD1 stablecoin transferred to Binance, raising eyebrows and creating buzz. This transfer, confirmed by Arkham Monitor, highlights the burgeoning influence of this USD1 stablecoin associated with World Liberty Financial and former President Donald Trump. The move comes at a time when the asset’s dominance in the market remains high, holding over 80% of its total supply valued at $2 billion. Binance’s listing for USD1 opens new doors to liquidity and accessibility but also sparks discussions regarding centralization concerns.