Trump-Backed Stablecoin USD1 Dominates with $2 Billion Stake – Coincu
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Key Points: World Liberty Financial’s USD1 stablecoin faces market scrutiny over a $2 billion holding. Eric Trump sees USD1 as a transparent stablecoin leader. Key wallet holds 95% of USD1, raising questions. World Liberty Financial’s USD1 stablecoin, linked to the Trump family, sees 95% of its issuance, valued at $2 billion, held in a single wallet. This situation raises questions about transparency and control within the cryptocurrency sector. World Liberty Financial’s USD1 stablecoin faces market scrutiny after PANews reported that a single independent wallet holds $2 billion of the stablecoin. This stake represents approximately 95% of its total issuance value. Eric Trump announced USD1 as a transparent financial tool at a Dubai event. Trump-Backed Stablecoin USD1 Dominates with $2 Billion Stake The USD1 aims to become one of the most transparent and regulated stablecoins in the world, Eric Trump commented. The concentration in a single wallet highlights concerns about control and transparency. The cryptocurrency, integrated with the Tron ecosystem, aims for regulatory transparency and consumer safety. Market observers and industry insiders have raised questions regarding the implications of such concentrated ownership. Eric Trump’s statements underline efforts to reassure stakeholders about the stability and regulation of USD1. Market Data: Significant Impacts and Investor Reactions Did you know? Since its inception, USD1 has aimed to become one of the most regulated stablecoins, although its control reflects a pattern not uncommon in the crypto sector. CoinMarketCap data shows World Liberty Financial USD (USD1) trading at $1.00 with a market cap of $2.13 billion, representing 0.07% market dominance as of May 5, 2025. The 24-hour trading volume surged to $21.43 million, a 111.69% rise, with minimal price fluctuations. World Liberty Financial USD(USD1), daily chart, screenshot on CoinMarketCap at 05:19 UTC on May 5, 2025. Source: CoinMarketCap The potential impacts of USD1’s ownership concentration on…
Filed under: News - @ May 5, 2025 5:25 am