Bitcoin24h $78,448.26-1.22%

Ethereum24h $2,478.24-0.51%

BNB24h $750.95+0.95%

XRP24h $1.39-1.28%

Solana24h $102.93-1.98%

TRON24h $0.3374+0.25%

Hyperliquid24h $84.13-3.06%

Zcash24h $1,125.43-6.21%

Dogecoin24h $0.0895-0.21%

Monero24h $518.02-3.74%

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.