WLFI's Stablecoin USD1 exceeds $100 billion in transfers within 10 days from the binance list

Table of Contents

World Liberty Financial’s Stablecoin USD1 exceeded $10 billion in transfers just 10 days after Binance’s list. data From Artemis.

From May 22nd to June 1st, Stablecoin traded $10.7 billion in volume, surpassing the total transfer from its inception until May 21st. Stabrecoin is unique to World Liberty Finance, a decentralized application supported by President Donald Trump and his family.

By mid-May, weekly volumes have already increased significantly. USD1 reached $307 million traded between May 12th and 18th to $4.3 billion the following week, leaving a 1,300% increase per week.

Although the volume for this week has not been confirmed, USD1 had already registered nearly $6.8 billion as of June 1st, an increase of nearly 60% from the previous week. Additionally, this marks a new weekly record, surpassing the last massive amount of $6.2 billion registered between April and May.

The increasing amount of transfers also occurred a month after USD1 became the sixth largest Stablecoin on the market. Market capitalization exceeds $2 billion.

Actions on the Binance-related ecosystem

In particular, users have transferred $1.1 billion on Binance since the USD1 listing. According to Artemis data, this amount is about half of the $2.3 billion traded on Pancakeswap in the last 30 days.

However, most of the transaction volumes in USD1 over the last 30 days seem to come from peer-to-peer (P2P) transfers.

With just two addresses, we moved almost $3.3 billion over the period, tracking only Pancakeswap’s USD1 and Buildon(B) pool. The pool between Stablecoin and Memecoin has registered $143 million in the last 24 hours alone.

Stablecoin is available on the Ethereum Network, but most of the USD1 actions occur in the BNB chain. Stablecoin Supply currently has $2.17 billion, with 98.4% concentrated in the BNB chain. According to Defilama.

This makes USD1 the second largest stubcoin in the BNB chain ecosystem, supported only by Tether USD (USDT), which has a market capitalization of nearly $6 billion in the network.