USD1’s market capitalization has skyrocketed from $130 million to more than $2.12 billion in a matter of weeks
A new stablecoin called USD1 has seen an explosive rise in value, now placing second on the Binance Smart Chain, according to data from CryptoRank.io.
The stablecoin, which was developed by World Liberty Finance and connected to the U.S. President, Donald Trump, has seen its market capitalization skyrocket from $130 million to more than $2.12 billion in a matter of weeks, since late April 2025.
This drastic surge has put USD1 up there as one of the top stablecoins by market cap on the Binance Smart Chain.
USD1’s Stablecoin Growth Affiliated with Political Branding
Stablecoins refer to digital currencies that are pegged to a fixed value, commonly the US dollar. The stablecoin, USD1, seems to have become very popular quickly not only because of its backing but likely of its political branding and association with Trump’s name, which has attracted speculators and supporters alike.
According to the data, as of May 9th, 2025, $2.11 billion of USD1 has been issued on the BNB Chain. This abundant stock of USD1 effectively contributed toward the rise of the total stablecoin market cap on BNB Chain to approximately $10 billion. This is important because it demonstrates how much power one new fiat-pegged crypto asset can instill in a major blockchain ecosystem within a very short period.
However, this is not the full picture. As the data shows, Tether (USDT) still dominates this market in the BNB Chain with a $5.18bn market cap. Then comes USD Coin (USDC) at $889 million, USDX at $485 million, Binance USD (BUSD) at $259 million, and now USD1 in second place at $2.11 billion. There are also others, such as USDF and FDUSD, which also emerge on the list, though the amounts of their market cap are significantly smaller, around $36 million to $125 million.
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