Bitcoin24h $112,739.06-2.76%

Ethereum24h $4,105.52-3.85%

BNB24h $1,209.63-5.13%

XRP24h $2.49-5.15%

Solana24h $199.63-3.87%

Dogecoin24h $0.2036-5.99%

TRON24h $0.3157-2.53%

Cardano24h $0.6966-3.97%

Hyperliquid24h $39.47-6.04%

Chainlink24h $18.95-5.56%

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.

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.

Donald Trump-affiliated World Liberty Financial has yet to launch its AAVE instance six months after the governance vote approving it.

Donald Trump and his family have rapidly grown their collective cryptocurrency businesses, using access to the president as an incitement.

World Liberty Financial, the Trump-affiliated “DeFi” firm, claims no relationship with Fight, FIght, Fight, LLC, a firm behind $TRUMP.