USD1 Stablecoin Climbs to Fifth-Largest Position in Market
- USD1, the dollar-pegged stablecoin, achieved an issuance of $4.92 billion as of January 26.
- This issuance surpasses Paypal’s PYUSD, which has a market capitalization of $3.7 billion.
- USD1 is issued by World Liberty Financial, a company linked to the Trump family.
- The stablecoin has become the fifth-largest in the entire cryptocurrency market.
USD1’s rise to the fifth-largest stablecoin highlights its significant growth and market acceptance, surpassing established players like Paypal’s PYUSD with its $4.92 billion issuance compared to PYUSD’s $3.7 billion market cap.
The backing by World Liberty Financial and association with the Trump family adds a notable dimension to USD1’s position in the market. This development underscores USD1’s rapid ascent within the stablecoin sector. (Source)
