đš Trump-Backed Stablecoin USD1 Hits Top 5! đ
Big moves in the stablecoin world: USD1, backed by Donald Trump, just surged to a $2.1B market cap, making it the 5th largest stablecoin globally.
Key Drivers:đ
đč$2B investment from Abu Dhabi
đčIssued via Binance Smart Chain
đčRising momentum ahead of the GENIUS Act vote in the Senate
But itâs not all smooth sailing â the GENIUS Act is catching heat for conflict-of-interest concerns linked to the Trump family.
Market Watch: đ¶
USD1's rapid rise could reshape the stablecoin landscape â but political pressure might test its stability.