🚀 Trump-Backed USD1 Stablecoin Surges Past PayPal’s PYUSD 💵🔥
- USD1 Issuance Hits $4.92B → Now the 5th largest stablecoin globally.
- Overtakes PayPal’s PYUSD ($3.7B) in market cap.
- Issuer: World Liberty Financial, co-founded by Trump family members.
- Criticism: Governance voting system faces backlash over transparency & centralization.
---
⚖️ Risks & Concerns
- 🗳️ Governance Vote Issues → Critics say insiders dominate decision-making.
- 💧 Liquidity Concentration → Large holdings in few wallets raise red flags.
- 📉 Exchange Listings → Still struggling to secure spots on major platforms.
---
🌍 Market Impact
- 🇺🇸 Dollar Dominance Narrative → Trump Jr. positions USD1 as a tool to reinforce U.S. dollar power.
- 🏦 Institutional Adoption → Political backing may attract U.S.-aligned institutions.
- ⚔️ Competitive Pressure → Adds heat to stablecoin race against USDT, USDC, and DAI.
#Mag7Earnings #SouthKoreaSeizedBTCLoss #ETHWhaleMovements #GrayscaleBNBETFFiling #ETHMarketWatch