USD1 trading volume on Binance posts steady growth

USD1, the dollar-pegged stablecoin launched by World Liberty Financial, has surpassed $50 billion in cumulative trading volume on Binance about a year after its debut, according to on-chain analyst Darkfost. Darkfost said the figures should be interpreted with caution, as a $2 billion institutional settlement transaction tied to Binance’s investment accounted for a significant share of new issuance and may have distorted the current numbers. Even so, Darkfost said USD1’s weekly trading volume on Binance is holding at $750 million to more than $2 billion, indicating steady growth in actual usage. Given Binance’s share of stablecoin trading, Darkfost said the trend points to meaningful growth. USD1 was launched in March last year by World Liberty Financial, which was co-founded by U.S. President Donald Trump’s family.