USD1 Stablecoin Surpasses $3 Billion Market Cap Following Binance Yield Launch

• USD1 crossed a $3B market cap after a ~5% daily increase following Binance’s yield program launch.
• Binance expanded USD1 integration through new trading pairs and collateral conversion from BUSD.
• Institutional usage and regulatory debate have increased scrutiny around USD1 and WLFI ties.

The USD1 stablecoin, issued by World Liberty Financial (WLFI), has moved above a $3 billion market capitalization after recording an increase in supply over the past 24 hours. The growth followed a new yield initiative announced by Binance, which introduced a short-term incentive program for USD1 holders using its earn products.

Market data from CoinMarketCap shows that USD1’s market capitalization rose by just over 5% in one day, lifting the token’s total value to approximately $3.07 billion at the time of reporting. This positions USD1 as the sixth-largest stablecoin by market cap and places it among the top 35 digital assets overall.

Market Cap Expansion Linked to Yield Program

The increase coincided with Binance’s rollout of a “Booster Program,” which offers USD1 holders access to yields of up to 20% annual percentage rate through flexible earn products. The exchange described the initiative as part of its broader suite of yield options available to users, without disclosing the duration or allocation limits tied to the program.

WLFI acknowledged the market cap move in public statements, characterizing the development as a significant point for the project and its user base. Company representatives emphasized that the growth reflects early-stage adoption rather than a final benchmark.

Binance Deepens USD1 Integration

Beyond the yield program, Binance has expanded USD1’s role within its trading and collateral infrastructure. Earlier this month, WLFI confirmed that additional USD1 spot trading pairs were added on Binance, including pairs against BNB, Ethereum, and Solana.

In a separate move, Binance announced plans to convert collateral backing its Binance-peg BUSD (B-Token) into USD1 on a one-to-one basis. According to WLFI, this transition integrates USD1 into Binance’s updated collateral framework, increasing its functional use within the exchange’s ecosystem.

Institutional Use and Political Context

USD1 has also been used in large-scale transactions. Abu Dhabi-based investment firm MGX previously settled a $2 billion investment in Binance using the stablecoin.

The stablecoin’s growth has drawn attention due to WLFI’s association with U.S. President Donald Trump. Reports have referenced Trump’s pardon of Binance co-founder Changpeng Zhao, alongside claims of close ties between WLFI and Binance. Binance U.S. has denied any political considerations, stating that USD1-related decisions were business-driven.

These dynamics were cited during debates over the GENIUS Act, where lawmakers, including Senator Elizabeth Warren, raised objections before the legislation ultimately passed.

WLFI team members have outlined how broader USD1 adoption could affect the WLFI token. According to internal commentary, incentives tied to USD1 may increasingly extend benefits to WLFI as the stablecoin’s market presence expands, though no specific mechanisms or timelines were disclosed.