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International Business Times
International Business Times
Business
Marvie Basilan

Trump-Backed WLFI's $USD1 Becomes Fastest-Rising Stablecoin From $0 To $1B Market Cap

WLFI Crypto United States Donald Trump DeFi World Liberty Financial Pakistan BitGo CoinGecko PayPal
Donald Trump backs World Liberty Financial and has actively promoted the project on social media. (Credit: WLFI Website / Screenshot)

KEY POINTS

  • $USD1's market cap passed $2 billion Wednesday, becoming the 7th largest stablecoin by market value
  • The stablecoin has also passed the more tenured $PYUSD stablecoin in market cap
  • Some crypto users are concerned about why $USD1 and $WLFI aren't listed on major exchanges yet

World Liberty Financial's (WLFI) USD1 stablecoin has passed a $1 billion market cap, but that's not the bigger story, as digital assets scalability provider BitGo revealed that the U.S.-backed token also logged the "fastest rise from 0 to $1B in stablecoin history."

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