World Liberty Financial Inc. quietly launched USD1 Stablecoin. This is currently live, despite no official launch announcements, and is actively trading on both Ethereum and Binance smart chains.
According to CoinMarketCap, USD1 trading volumes have now exceeded 6700% in the last 24 hours and are currently above $140 million. This is a few days after his modest debut. Currently, the market capitalization is approximately $128 million. The USD1 logo is also visible on both Binance and Coinmarketcap.
Source: CoinMarketCap
Blockchain analysts first discovered the deployment of USD1 smart contracts at Binance Smart Chain on March 24th. At the time, activity appeared to be limited to testnet transactions, including interactions with wallets linked to crypto market maker WinterMute. On March 25th, WLFI confirmed its USD1 launch plan, but no launch date or replacement list was provided.
The actual release of MainNet software appears to have occurred around April 12th, when the first liquidity pool, including USD1, was deployed on UnisWap V3 and PancakesWap V3.
However, WLFI has not yet released its central exchange list. The launch appears to be strategically quiet, and WLFI can test market traction and infrastructure under real conditions.
You might like it too: WLFI confirms launch of USD1 stablecoin backed by the US Treasury Department
Trump's relationship with the silly prime minister supported by the US Treasury Department, cash and equivalents as a foolish custodian has raised alarms between lawmakers and financial analysts.
During a House Financial Services Committee hearing on April 2, Democrat leader Maxine Waters said Trump intends to use USD1 to replace the US dollar with government functions.
“Trump probably wants the entire government to use stubcoins, from paying the Department of Housing and Urban Development to pay Social Security to pay taxes.
ARI10 CEO Mateusz Kara said Trump's support for USD1 is about creating a new channel for global US debt distribution, not adopting crypto.
“I don't believe in Trump's sudden love for stubcoins and blockchain,” Kara said in a statement sent to crypto.news. “The real purpose of strengthening the Stablecoin market is to make the world a new and accepting market for US bonds.”
You might like it too: Trump's USD1 play is “dollar expansion” and he doesn't love blockchain, says ARI10 CEO
