The USD1 Stablecoin from the World Liberty Financial (WLFI) exceeded the threshold of market capitalization of $ 2 billion.
The new USD1 token has reached an important milestone against the backdrop of the rapid growth of the stabelcoin sector. Experts predict that in the coming years, the cost of this crypto -nunk segment can reach $ 2 trillion.
Take off USD1: from $ 128 million to $ 2 billion
The co -founder of WLFI Zach Vitcoff said in a post on X (previously Twitter):
The price of stablecoin has increased significantly in a short time. On April 28, its market capitalization was $ 128 million, and the very next day reached $ 1 billion.
The achievements did not end there. By April 30, the market capitalization of token doubled to $ 2.1 billion. This allowed USD1 to take 57th place among all cryptocurrencies and the 7th among stablecoins. He overtook such famous players as PayPal USD (PyUSD) and FIRST Digital USD (FDUSD). Growth also strengthened the USD1 position on Binance Smart Chain. Now he occupies the second place among stablecoins here.
As a result, the USD1 has become one of the fastest growing decentralized stablecoins since its launch in late March.
Wlfi does not sit back
Dune blockchain analytics platforms provide additional information about factors contributing to such expansion. A series of Tokenov emissions in the last week of April became a catalyst for the growth of the USD1 market capitalization above $ 2 billion. Token minting measures correspond to the strategic efforts of WLFI to expand the circulation of token.
In early April, the project proposed to conduct a USD1 AIRDROP among early participants. The test distribution of coins was conceived to verify the technical reliability of the Airdrop infrastructure, the remuneration of the first participants and increasing the visibility of the project.
However, the growth of USD1 did not go unnoticed. The project attracted attention due to the involvement of President Donald Trump into it. This caused concern among legislators about possible conflicts of interests. However, the market indicators of USD1 so far demonstrate high confidence of investors.
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Source: Cryptocurrency
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