USD1 Transaction Volume Explodes 10x—While Whales Keep a Stranglehold on Supply
Another day, another crypto paradox. Trading activity for USD1 just skyrocketed—we’re talking tenfold growth—but don’t break out the champagne yet. The supply? Still locked in the vaults of a few mega-holders.
Retail traders flood in, whales sit tight
The surge suggests mainstream adoption is gaining steam, with small transactions piling up. But peek under the hood, and you’ll find the same old story: concentration risk waving red flags. Guess some things never change—finance loves its oligopolies.
So is this organic growth or just musical chairs? Place your bets. Just remember: when the whales move, they don’t send memos.
USD1 Transactions Spike Thanks to Binance
President Trump is engaged in several crypto ventures, and the USD1 stablecoin has been attracting a lot of interest lately. The Binance listing in late May immediately boosted trade volume, but the full significance didn’t immediately materialize.
However, a new report from Kaiko shows just how far USD1 transaction levels have increased in recent weeks:
Clearly, despite a few controversies, World Liberty Financial’s stablecoin is doing quite well. Since the Binance listing, WLFI introduced USD1 restaking, and that’s not the only measure to enhance activity.
BNB Chain has been taking several measures to boost USD1’s transaction volumes, and it described a few of them today.
$USD1 (@worldlibertyfi) is gaining momentum on BNB Chain!
From top CEXs and wallets to onchain apps, more partners are joining the movement to support fast, gas-free stablecoin transfers
pic.twitter.com/j9vxHWVBlp
This active support from BNB Chain shows Binance’s sustained interest in USD1. By onboarding diverse on-chain partners like wallets, CEXs, and on-chain apps, the firm is helping World Liberty pursue its ambition of creating an important payment stablecoin.
This may signal increased affinity between the two firms in the future.
WLFI, of course, has also been launching initiatives of its own. The firm recently promoted meme coin trading with USD1 on PancakeSwap, further incentivizing users to keep this transaction activity elevated.
By integrating USD1 with the meme coin sector, it’ll increase traders’ exposure to this growing stablecoin project.
Currently, WLFI has more than enough supply to support these transactions; USD1’s market cap is over $2 billion. Still, the firm has attracted some criticism about its tokenomics.
Specifically, it is extremely centralized. More than 93% of USD1’s market cap is held by three wallets, a truly staggering level of concentration.
Still, all things considered, things are looking reasonably bullish. WLFI has already teased major airdrops, which WOULD give the firm an opportunity to reduce this centralization.
If USD1 transaction volumes keep climbing at this rate, it could become a major player in the broader stablecoin ecosystem.
