Trump-Backed Stablecoin USD1 Smashes $1B Market Cap on BNB Chain—Because Politics and Crypto Always Mix So Well
Another day, another dollar-pegged token hitting unicorn status—but this one’s got the MAGA stamp of approval. USD1, the stablecoin endorsed by former President Donald Trump, just crossed $1 billion in market cap on Binance’s BNB Chain. Because nothing says ’trustless finance’ like a politician’s blessing.
BNB’s infrastructure handles the heavy lifting while Trump’s brand slaps on the hype. The token’s white paper probably has a section on ’alternative facts’ about its reserves. Meanwhile, TradFi bankers clutch their pearls as the circus comes to town—again.
Stablecoins now dominate 75% of crypto trading volume. Add political theater, and you’ve got the perfect recipe for volatility masquerading as stability. At least it’s not backed by Trump NFTs... yet.
