Bitcoin24h $116,920.63-0.31%

Ethereum24h $4,539.84-1.09%

XRP24h $3.05-1.15%

BNB24h $991.37+0.21%

Solana24h $245.16+0.18%

Dogecoin24h $0.2760-1.37%

TRON24h $0.3475+0.85%

Cardano24h $0.9160+0.77%

Hyperliquid24h $56.90-2.63%

Chainlink24h $24.52+2.61%

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.

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.

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.

World Liberty Financial has announced USD1, its new stablecoin, without consulting with governance token holders.