USD1 Surpasses $50B in Cumulative Trading Volume on Binance

USD1, the dollar-pegged stablecoin launched by World Liberty Financial in March last year, has surpassed $50 billion in cumulative trading volume on Binance. According to Darkfost, an on-chain analyst, this milestone reflects growing adoption of the token.

The growth is notable, but analysts caution that the figures should be interpreted carefully. A significant share of new issuance was due to a $2 billion institutional settlement transaction tied to Binance's investment in the project, which may have inflated issuance and trading volume data.

Despite this potential distortion, weekly trading volume for USD1 on Binance has remained steady between $750 million and over $2 billion. This indicates genuine usage beyond the one-off transaction.