Summary
- Eric Trump said USD1 has surpassed PayPal’s digital dollar PYUSD in scale.
- He said USD1 is growing into one of the world’s most influential digital dollar platforms.
- He said USD1 is rapidly expanding in scale within the World Liberty Financial (WLFI) ecosystem as issuance and use cases increase.
Eric Trump, the second son of U.S. President Donald Trump, highlighted the growth momentum of USD1, a dollar-pegged stablecoin.
On the 23rd (local time), Eric Trump wrote on his X (formerly Twitter) that "USD1 has reached a major milestone. It has surpassed PayPal’s digital dollar (PYUSD) in scale." He added, "USD1 is growing into one of the most influential digital dollar platforms in the world," noting that "this isn’t merely an issue confined to virtual assets (cryptocurrencies), but part of the process of building the future of global money."
USD1 is a stablecoin used within the World Liberty Financial (WLFI) ecosystem, and it has been rapidly expanding in scale recently as issuance and use cases broaden.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
