WLFI’s USD1 Stablecoin Hits $10B Transfer Milestone—Just 10 Days After Binance Listing

Move over, slow-moving fiat—WLFI’s USD1 stablecoin just racked up $10 billion in transfers faster than a Wall Street trader dodges accountability. Binance’s listing turbocharged adoption, proving (yet again) that crypto moves at light speed while traditional finance fusses over paperwork.

Who needs legacy rails when blockchain delivers? The surge underscores stablecoins’ growing dominance as the de facto settlement layer for global value transfer—no banks, no borders, just code. Of course, regulators will clutch their pearls, but the market’s verdict is clear: speed wins.

Funny how a ’volatile’ crypto asset class birthed the steadiest payment rail. Take notes, SWIFT.

Action on the Binance-related ecosystem

Notably, users transferred $1.1 billion on Binance since the USD1 listing. The amount is roughly half of the $2.3 billion traded on PancakeSwap in the past 30 days, according to Artemis’ data.

However, most of USD1’s transaction volume in the past 30 days seems to come from peer-to-peer (P2P) transfers. 

Two addresses alone moved almost $3.3 billion during the period, trailing only the USD1 and BUILDon (B) pool at PancakeSwap. The pool between the stablecoin and the memecoin registered $143 million in the past 24 hours alone.

Although the stablecoin is available in the ethereum network, most of the USD1 action happens on the BNB Chain. The stablecoin supply currently stands at $2.17 billion, with 98.4% of it concentrated on the BNB Chain,.

This makes USD1 the second-largest stablecoin in the BNB Chain ecosystem, bested only by Tether USD’s (USDT) nearly $6 billion in market cap within the network.