The USD1 stablecoin, linked to the Trump family, has achieved a significant milestone, recording a trading volume of $1.25 billion in 24 hours.
Record Volume of USD1 Stablecoin
The USD1 stablecoin from World Liberty Financial established a record, reaching a trading volume of $1.25 billion in a single day. It now ranks as the third most traded stablecoin globally, following USDT and USDC.
Centralization and Its Implications
Some analysts have raised concerns regarding the centralization of USD1 assets, as one wallet controls around 95% of the total issuance. There has been no direct public response from the Trump family regarding this milestone.
Opportunities and Risks of USD1 Stablecoin
The recent trading activity surge for USD1 highlights significant institutional interest, which may influence the future of centralized stablecoins. Research indicates that this could represent both an opportunity for further adoption and a risk due to its centralized structure.
The record achievement of $1.25 billion in trading volume for the USD1 stablecoin opens new discussions about the future of centralized assets and their impact on the market.