Stablecoin supply on Binance's BNB Chain explodes 30% due to USD1's $2.1B launch

Binance BNB Chain’s stablecoin reserves expanded sharply this week, adding more than $2 billion in value following the debut of USD1, a politically branded dollar token issued by World Liberty Fina...

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Stablecoin supply on Binance's BNB Chain explodes 30% due to USD1's $2.1B launch

Source: CryptoSlate

Binance BNB Chain’s stablecoin reserves expanded sharply this week, adding more than $2 billion in value following the debut of USD1, a politically branded dollar token issued by World Liberty Financial. DefiLlama data shows that the chain’s stablecoin market capitalization surged 30% over the past seven days to reach $9.26 billion. That gain narrowed the […]