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Trump stablecoin

Trump-Linked USD1 Stablecoin Sees $2.12 Billion Market Cap on BNB Chain.

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  • The Trump-related stablecoin USD1 by World Liberty Finance has risen from a $130 million market cap to $2.12 billion since late Apr 2025.
  • USD1’s rapid growth has put it at the second-largest stablecoin on the BNB Chain and has had a major impact on the chain’s stablecoin market.
  • The crypto community is following USD 1’s uptrend with anticipation, political branding and speculations about its recognition notwithstanding questions regarding its long-term stability.

There is a new stablecoin called USD1 that has seen an explosive rise in value. It was developed by World Liberty Finance and connected to the U.S. President, Donald Trump.

USD1’s market capitalization has skyrocketed from $130 million to more than $2.12 billion in a matter of weeks, since late April 2025, according to a post by CryptoRank.io on X. 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.

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.

USDT Still Dominates Despite USD1’s Surge

A graphic in the CryptoRank.io post shows that 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.

AD 4nXceZsSxfoOHtHLM9Ao053VjtfwnL94ySyMTNK1 0bNxLbaP49J cyEykm22HlvjcCW1e4 GGbDfcF3Lm6nSURypjQKyhcz82z3NjfQ9LfcXEAU4QuQGY9Ut8agmEC7WQSFp4 X9?key=6wU7vMgvciuaOh2dcPtsSA

Source: X @CryptoRank_io

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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Stablecoin Showdown: Crypto Bill Faces Collapse as Senate Democrats Withdraw Support

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  • Nine Senate Democrats who previously backed the bill now oppose it, citing unresolved concerns.
  • The U.S.’s first stablecoin regulatory framework faces collapse just days before a key Senate vote.
  • While GOP leaders push for U.S. crypto dominance, Democrats demand stricter safeguards, and Trump-linked stablecoin plans add political tension.

Nine Democratic senators, who once supported pro-crypto laws, have now reversed course, and their action could prevent the passage of an important stablecoin regulation proposal. Their actions are also a sign of growing differences in opinion on the proper regulatory framework for the fast-expanding crypto sector.

In a statement first shared by Politico, the senators stated that there are several unresolved concerns in the bill’s current form. Hence, they won’t support it.

The senators demanded a change in five focus areas. These areas include anti-money laundering protections, better regulations for foreign stablecoin issuers, national security controls, tough sanctions for violators, and assurances that any systemic risk from the industry won’t affect traditional finance.

Stablecoin Regulation Hangs in the Balance

This development comes days before a key vote to approve the United States’ first regulatory framework for stablecoin issuers. These stablecoins are cryptocurrencies designed to maintain an equal value with the U.S. Dollar or other traditional currencies like the euro.

After supporting the crypto bill previously, the Senate Democrats now argue that the bill has multiple issues that needs to be fixed before they can support it again. These senators are Andy Kim, Ruben Gallego, Mark Warner, and Lisa Blunt Rochester, who represent New Jersey, Arizona, Virginia, and Delaware, respectively.

In a letter signed by six other senate democrats, the senators stated the need for collaboration that cuts across party lines to develop a detailed regulatory playbook for stablecoins as they continue to gain mainstream adoption.

GOP Pushes Crypto Dominance

Meanwhile, in his response to the development, the primary sponsor of the bill, Republican Senator Bill Hagerty, said the bill was necessary to help the U.S. secure and maintain a leading position in the cryptocurrency space. With the bill’s passage now uncertain, democrats now hold the power to stop an important crypto regulation or make significant revisions to it.

This development further complicates an already tense process and adds political sensitivities given the Trump family’s plans to launch a new stablecoin.

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