Trump-Backed USD1 Surpasses Paypal’s Stablecoin, Reaches $4.9 Billion Issuance Amid Governance‑Vote Criticism

Trump-Backed USD1 Surpasses Paypal's Stablecoin, Reaches $4.9 Billion Issuance Facing Governance Vote CriticismUSD1, the dollar-pegged stablecoin issued by World Liberty Financial, a company tied to the Trump family, recently became the fifth‑largest stablecoin in the whole cryptocurrency market. USD1 reached an issuance of $4.92 billion on January 26, surpassing Paypal’s PYUSD, which has a market capitalization of $3.7 billion. Trump-Backed USD1 Reaches Top 5 Stablecoin Position USD1, […]

Source: https://news.bitcoin.com/trump-backed-usd1-surpasses-paypals-stablecoin-reaches-4-9-billion-issuance-amid-governance%E2%80%91vote-criticism/