The market value of the stablecoin USD1 supported by Trump on BNB Chain has exceeded $1 billion

According to Cryptoslate, the stablecoin USD1 of World Liberty Financial (WLFI), a cryptocurrency project under the Trump family, has been listed on BNB Chain with a value exceeding $1 billion. On chain data shows that three rapid mints of USD1 have been continuously issued on BNB Chain, and USD1 worth hundreds of millions of dollars has been issued to BNB Chain. Combined with the existing supply on Ethereum, the total market value of USD1 has now exceeded 1.02 billion US dollars. Analysts believe that this move may be part of a broader promotion strategy aimed at expanding the influence of USD1 in DeFi protocols, cross chain liquidity pools, and trading platforms.