The post BNB Chain on hosting Trump-affiliated USD1 stablecoin appeared on BitcoinEthereumNews.com.

Trump-linked WLFI issued $128 million USD1 stablecoins, opting for BNB chain as the primary avenue. World Liberty Financial, a company linked to U.S. President Donald Trump’s family, minted $128.07 million in tokens on April 14. According to information shared with crypto.news by BNB Chain, the decentralized blockchain ecosystem originally incubated by Binance (BNB), almost 90% of these tokens are BNB, with the rest on Ethereum (ETH). In addition, USD1 also launched a trading pool on BNB-based PancakeSwap, which now holds $19 million in assets. Across BNB and Ethereum, USD1 now has a total value locked of $30 million, which represents third-party holdings. In response to follow-up questions by crypto.news, BNB Chain clarified it is not affiliated with or directly involved in USD1 but acknowledged the stablecoin would benefit from BNB’s existing liquidity and infrastructure. Below is our Q&A with a BNB Chain spokesperson. crypto.news: USD1 launched on BNB and Ethereum on April 14, without any formal announcement. Were you in negotiations with WLFI, and do you know specifically why the company chose BNB over some other popular chains, like Solana?  BNB Chain: BNB Chain does not issue or own USD1. As a decentralized blockchain ecosystem, our mission is to onboard the next billion users to Web3 and the launch of USD1 is a great step in expanding stablecoin use cases within the ecosystem.  The stablecoin is issued by World Liberty Financial and operates independently. While we do not control USD1, we support it’s deployment on BNB Smart Chain and encourage market participation. We welcome all stablecoins to launch their native token on BSC. Projects can find out more on our guide here.  We do not own the company behind it. WLF is the issuer. They issued on BSC, so we support it. As one of the top blockchains, BSC welcomes…

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Filed under: News - @ April 17, 2025 5:28 pm