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Trump-Backed Stablecoin USD1 Enters Top 7, Surpasses PayPal and Tether Gold
Trump-Backed Stablecoin USD1 Enters Top 7, Surpasses PayPal and Tether Gold
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World Liberty Financial’s USD1, a stablecoin endorsed by former U.S. President Donald Trump, has rapidly ascended to become the seventh-largest stablecoin by market capitalization. Launched in March with an initial supply of $3.5 million, USD1 now boasts a $2.2 billion market cap—eclipsing PayPal USD ($872 million) and Tether Gold ($823 million).
The stablecoin market remains dominated by Tether’s USDT ($149.5 billion) and Circle’s USDC ($61 billion), but USD1’s explosive growth highlights intensifying competition in the dollar-pegged crypto sector. Its near-exclusive issuance model appears to be driving adoption, though it still trails established players by orders of magnitude.
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