Trump-Affiliated USD1 Stuns Market with $1B Mint in Under an Hour

USD1, the decentralized stablecoin backed by Trump-affiliated World Liberty Financial, minted over $1 billion in supply on the BNB Chain within a single hour. The move was marked by a series of rapid, high-volume mints that pushed the total supply past $1.02 billion when combined with the existing float on Ethereum. This calculated liquidity injection is seen as a strategic positioning move aimed at integrating USD1 across various DeFi protocols and liquidity pools, leveraging BNB Chain’s speed and active user base. Meanwhile, a surge in Bitcoin confidence was noted, adding to the overall buoyancy in the crypto market. This event highlights the growing trend of decentralized stablecoins using political association to gain market traction at a time when regulatory pressure on centralized issuers is mounting.