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HTX vs World Liberty war escalates with USD1 delisting

The Donald Trump-Justin Sun feud has escalated after HTX delisted USD1, issued by Trump-founded World Liberty Financial.

CHART: Which blockchains is USD1 issued on?

USD1 is issued on several blockchains, but Binance Smart Chain dominates, thanks in large part to the MGX-Binance deal.

By looping Binance Chain-based USD1 on Euler Finance against USDT, yield farmers have earned 99% APR on the presidential stablecoin.

The report by BitGo notes that all of USD1’s reserves are in the Fidelity Investments Money Market Government Portfolio—Institutional Class.

Donald Trump-endorsed USD1 stablecoin has grown to over $2 billion in market capitalization but provides no transparency.