Bitcoin24h $107,788.16-4.56%

Ethereum24h $3,776.61-5.48%

BNB24h $1,086.03-2.23%

XRP24h $2.47-6.35%

Solana24h $186.09-7.24%

Dogecoin24h $0.1829-5.63%

TRON24h $0.2909-2.04%

Cardano24h $0.6126-5.45%

Hyperliquid24h $46.44-4.36%

Chainlink24h $17.20-5.24%

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.