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USD1 Stablecoin Tops $3 Billion After Binance Rolls Out 20% Yield Offer

A limited-time 20% yield on Binance is pulling in deposits under per-user caps through late January.

Overview

  • CoinMarketCap data shows USD1’s market cap climbing above $3 billion to about $3.07 billion, placing it among the top six stablecoins.
  • On December 24, the token’s market value jumped roughly $150 million from about $2.74 billion to around $2.89 billion as Binance announced the promotion.
  • Circulating supply increased by roughly 45–46 million tokens within hours of the offer going live, while trading stayed near the $1 peg in a $0.998–$1.00 range.
  • Binance’s Booster offering provides up to 20% yield through its Flexible Earn product with around a $50,000 per-user cap for the highest tier and a window running into late January 2026.
  • Ahead of the promotion, Binance added fee-free USD1 trading pairs and said it would convert BUSD collateral to USD1 at a 1:1 ratio, as the WLFI-issued token linked to the Trump family was also used to settle a $2 billion MGX investment into Binance in May.