@Darkfost_Coc
🗞️ USD1 crosses $60B in Cumulative Volume on Binance
ethereum:0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d 's cumulative trading volume on Binance has just passed $60B. That's a significant figure for a stablecoin launched less than 18 months ago.
For those less familiar with it, USD1 was launched in March 2025 by World Liberty Financial, a company partly co-founded by the Trump family. It is backed by U.S. dollars and short-term U.S. Treasury bills, under an institutional-style compliance framework.
Its market cap now exceeds $4B (~$4.33B) and continues to grow.
One nuance, though, a single institutional transaction, tied to a $2B settlement as part of an investment in Binance, accounts for a large share of that market cap.
The growth in market cap should therefore be read with some perspective.
Volumes give a more accurate picture of actual usage.
On Binance, monthly trading volumes are stabilizing between $5B and $8B, pointing to steady usage rather than a one-off spike.
USD1 keeps carving out its place in the stablecoin ecosystem, notably thanks to Binance, a platform that holds around 70% of the stablecoins present on exchanges.