USD1 market cap surges following Binance 20% APR promotion

The market capitalization of USD1 has surged after Binance launched a promotion offering a 20% annual percentage rate (APR) on the stablecoin, according to Wu Blockchain. Following the announcement, the supply of USD1 increased by 45.6 million, pushing its total market cap above $2.79 billion. USD1 is the stablecoin issued by World Liberty Financial (WLFI), an entity associated with the Trump family.