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Binance Boosts Trump-Linked USD1 Stablecoin
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Binance’s new “booster program” helped USD1 climb to become the seventh-largest stablecoin by market cap, rising to $2.89B. Depositors of $50,000+ can earn up to 20% APR, with rewards distributed daily. USD1, part of the Trump family’s crypto ventures, has seen growing adoption on Binance, including fee-free trading pairs and BUSD collateral conversion. Despite the gains, questions remain about the close ties between Binance and WLFI, with some lawmakers raising concerns about potential conflicts of interest.
