Overview
- USD1 surpassed a $5 billion market capitalization this week in under a year, becoming the fifth-largest stablecoin, according to CoinGecko data.
- World Liberty Financial has filed to create a national trust bank with the OCC to oversee USD1 issuance, redemption, custody, and reserves, with the application pending.
- USD1’s profile jumped after it was used to facilitate a $2 billion MGX transaction into Binance, which Binance founder Changpeng Zhao later described as misconstrued while noting he requested crypto payment.
- Binance integrated USD1 into its core infrastructure last month, with new pairs and programs contributing to rising volumes and adoption.
- Senator Elizabeth Warren warned of national security risks tied to PancakeSwap activity and North Korea–linked flows, as the separate TRUMP meme coin has fallen over 93% with reports of large insider withdrawals.