Binance Promo Spurs 45.6 Million USD1 Token Supply Jump

The supply of USD1, a stablecoin issued by World Liberty Financial and described as backed by the Trump family, increased by more than 45.6 million tokens within hours after Binance launched a promotion offering 20% annual percentage yield on deposits of up to $50,000 per user. The expansion pushed USD1’s market capitalization above $2.79 billion, according to CoinGecko data reported by Wu Blockchain.