There’s a new stablecoin taking over crypto. And it’s being run by World Liberty Financial.
What’s happening:
- World Liberty Financial’s USD1 stablecoin has been experiencing explosive growth and rapid adoption since initially being launched
By the numbers:
- USD1’s total market capitalization just recently surged from to $128M USD to $2.1B USD in a single week
- USD1 is now one of the the 5 largest stablecoins in crypto based on market capitalization
Why it matters:
- World Liberty Financial is one of the most well funded crypto companies in America after previously completing a notable half a billion dollar capital raise through multiple token sales amidst significant support from the Trump family
Going deeper:
- USD1 operates on both the Ethereum blockchain as well as on Binance Smart Chain
- World Liberty Financial has also been striking historic partnerships around digital asset adoption, including becoming the first crypto company to ever enter into a formal partnership with the government of Pakistan
The intrigue:
- USD1 will be used to facilitate a $2B USD strategic investment from Abu Dhabi based investment fund MGX into Binance
