BlockBeats News, April 16th, according to Coinmarketcap and BscScan data, as of now, the Trump family's cryptocurrency project WLFI's USD-backed stablecoin USD1 has issued over 113 million USD1 on the Binance Smart Chain (BSC), accounting for nearly 90% of the circulating supply. The current total market value of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million USD, and the total value locked (TVL) on both the BNB Chain and Ethereum exceeds 30 million USD.

In addition, USD1 recently opened a trading pool on Pancakeswap, with the USD1 liquidity pool on Pancake exceeding 19 million, and the USD1 TVL on Pancake V3 is 10.95 million USD. The lending protocol ListaDao on the BNB Chain recently launched the USD1 Vault, which provides a USD1 lending limit of 20 million USD, allowing users to borrow USD1 by collateralizing assets such as BTCB and WBNB.

USD1 is 100% backed by short-term US Treasury bonds, US dollar deposits, and other cash equivalents, pegged 1:1 to the US dollar, aiming to provide sovereign investors and institutions with a secure and efficient cross-border transaction tool.

Currently, USD1 has been included in the BNB Chain's stablecoin 0 gas fee initiative, providing a smooth stablecoin transfer experience for more users. The BNB Chain has been committed to expanding the stablecoin scene to promote the large-scale use of cryptocurrency. According to today's data from Dune, the total market value of stablecoins on the BNB Chain is 7.2 billion USD.