The USD1 stablecoin, issued by WLFI, surpassed a $3 billion market cap after a 6% increase in the last 24 hours. Binance’s 20% yield program for USD1 holders contributed to this milestone, with the World Liberty Financial team calling it a significant moment for the community.

CoinMarketCap data reveals USD1’s market cap exceeding $3 billion, making it the sixth-largest stablecoin and the 32nd-largest crypto asset. WLFI commented on the achievement, emphasizing their focus on building the future of financial infrastructure as they continue to grow.

Following Binance’s Booster Program launch, USD1’s market cap surged above $3 billion, with holders now eligible for up to 20% APR. Binance has expanded USD1 trading pairs and announced the conversion of BUSD collateral into USD1 at a 1:1 ratio, integrating it into their ecosystem.

MGX settled a $2 billion investment in Binance using USD1 earlier this year. Speculations arose due to Trump’s pardon of Binance’s CZ Zhao, leading to debates around WLFI’s connections with Binance and political influences. Binance U.S. denied any political motives behind listing USD1 and supporting WLFI.

The WLFI team envisions USD1’s adoption positively impacting the WLFI token, especially amidst declining crypto prices. Dylan highlighted the potential benefits for WLFI once USD1 solidifies its position in the stablecoin market. As USD1 gains market share, WLFI stands to gain from its success.

Read more at Yahoo Finance: Trump-Linked USD1 Stablecoin Crosses $3B Market Cap After Binance Rolls Out 20% Yield