Trump-linked stablecoin USD1 hits 99% APR on Binance Chain
By looping Binance Chain-based USD1 on Euler Finance against USDT, yield farmers have earned 99% APR on the presidential stablecoin.
Bitcoin24h
$116,682.99-2.03%
Ethereum24h
$3,647.63-0.03%
XRP24h
$3.08-4.02%
BNB24h
$761.31-2.79%
Solana24h
$180.45-5.57%
Dogecoin24h
$0.2266-7.15%
TRON24h
$0.3129+0.81%
Cardano24h
$0.7991-2.56%
Hyperliquid24h
$41.72-5.72%
Stellar24h
$0.4179-3.40%
Trump-affiliated USD1 has $0 in excess reserves
The report by BitGo notes that all of USD1’s reserves are in the Fidelity Investments Money Market Government Portfolio—Institutional Class.
USD1 is a top stablecoin with no attestation and no transparency
Donald Trump-endorsed USD1 stablecoin has grown to over $2 billion in market capitalization but provides no transparency.
World Liberty Financial announces USD1 without governance vote
World Liberty Financial has announced USD1, its new stablecoin, without consulting with governance token holders.
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