USD1 stablecoin has reached $5B in market cap.
The american stablecoin issued and managed by World Liberty Financial has broken through the mid 7 figure hurdle and takes 5th place in the stablecoin list after Ethena.
According to CoinGecko, the official number hit $5.2B as the team threw on an institutional event called the World Liberty Forum for merging crypto with traditional finance.
Their X channel announced keynote and panel speakers in the weeks leading up to this, including the CEO of Goldman Sachs David Solomon, as well as latest exchange rewards and new pairs.
Co-founder Zak Folkman also discussed plans to grow the demand for USD1 by offering cross-border solutions remittance and vendor payment solutions, as well as tapping the global FX market – one of the largest use-cases for stablecoins.
