Trusted

World Liberty Financial’s USD1 Stablecoin Exceeds $2 Billion Market Capitalization

2 mins
Updated by Harsh Notariya
Join our Trading Community on Telegram

In Brief

  • WLFI's USD1 stablecoin reached a $2.12 billion market cap, positioning it as one of the fastest-growing stablecoins since its March launch.
  • The stablecoin’s success positions it as the second-largest stablecoin on Binance Smart Chain.
  • Despite concerns over President Trump’s involvement, USD1’s market performance reflects strong investor confidence.
  • promo

World Liberty Financial (WLFI)’s USD1 stablecoin has surpassed a $2 billion market capitalization. 

The milestone comes amid a significant expansion in the stablecoin sector, with experts predicting it could surge to $2 trillion in the coming years.

USD1 Stablecoin’s Growth: From $128 Million to $2 Billion

WLFI co-founder Zach Witkoff shared the development in the latest X (formerly Twitter) post.

“Proud to announce that @worldlibertyfi USD1 stablecoin has officially crossed $2 billion in market cap. Proud of the team, onwards!” Witkoff posted.

Data from BeInCrypto shows that USD1 experienced significant growth over a short period. On April 28, its market cap was $128 million. However, by the next day, it surged to $1 billion.

“Congratulations to the @worldlibertyfi team on USD1 reaching a $1 billion market cap,” BitGo wrote on X.

That’s not all. By April 30, the market cap doubled to $2.1 billion, ranking USD1 57th among all cryptocurrencies and 7th among stablecoins. It overtook established players like PayPal USD (PYUSD) and First Digital USD (FDUSD).

In fact, the surge has also solidified USD1’s standing on the Binance Smart Chain, where it now ranks as the second-largest stablecoin.

USD1 Market Capitalization
USD1 Market Capitalization. Source: BeInCrypto

This highlights the increasing adoption and trust in USD1. The ascent positions it as one of the fastest-growing decentralized stablecoins in the market since its launch in late March.

Data from Dune’s blockchain analytics platform provides further insight into the factors driving this expansion. A series of minting events in the last week of April catalyzed the stablecoin’s market cap increase to over $2 billion. 

These minting activities align with WLFI’s strategic efforts to expand the token’s circulation. Earlier this month, the DeFi project proposed a USD1 airdrop to early supporters. As BeInCrypto reported, the airdrop is intended to test the on-chain distribution system, reward adopters, and enhance visibility ahead of a full-scale deployment.

USD1’s rise, however, has not been without scrutiny. The project has drawn attention due to President Donald Trump’s involvement, raising concerns among lawmakers about potential conflicts of interest.

Despite this, USD1’s market performance indicates strong investor confidence. The stablecoin’s rapid growth suggests it may continue to play a significant role in the digital asset market. However, its future will likely depend on both market dynamics and regulatory developments.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

kamina.bashir.png
Kamina Bashir
Kamina is a journalist at BeInCrypto, where she writes about all things crypto—think market trends, blockchain technology, regulatory shifts, and emerging trends in the digital asset world. With a gold medal in MBA International Business and extensive experience, she brings both expertise and clarity to her reporting. Previously at AMBCrypto, Kamina was responsible for writing and editing in-depth analyses, price predictions, AI and crypto blogs, and breaking news. She’s passionate about...
READ FULL BIO
Sponsored
Sponsored