High-yield incentive program accelerates growth of Trump-linked stablecoin
The USD1 stablecoin, associated with World Liberty Financial and linked to the family of U.S. President Donald Trump, recorded a sharp increase in circulation this week. The token’s supply expanded by $150 million in market capitalization following the launch of a new yield incentive program on Binance, highlighting how exchange-backed promotions can rapidly influence stablecoin demand.
USD1’s market cap rose from $2.74 billion to $2.89 billion after Binance unveiled a booster program offering up to 20% annual percentage rate (APR) on USD1 flexible earn products. The incentive applies to deposits above $50,000 and is scheduled to run until January 23, 2026. Bonus rewards are distributed daily, making the program attractive for large holders seeking passive yield on stable assets.
Binance has steadily expanded USD1’s utility. The exchange previously introduced fee-free trading pairs, supported broader integrations, and announced plans to convert BUSD collateral into USD1 at a 1:1 ratio. USD1 has also been used in major settlements, including a $2 billion investment transaction involving Binance earlier this year.
These developments have helped USD1 climb to become the seventh-largest stablecoin globally, just behind PayPal’s PYUSD. However, questions remain around development ties and governance, underscoring the growing scrutiny surrounding politically connected crypto assets.
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