In a move that\u2019s sparked both political and crypto-world attention, World Liberty Financial Inc. (WLFI)\u2014a firm reportedly connected to the Trump family\u2014minted $128.07 million worth of USD1 stablecoins on April 14. The majority of these tokens were issued on BNB Chain, a leading decentralized blockchain network initially incubated by Binance.<\/p>\n\n\n\n
Nearly 90% of the USD1 supply resides on BNB Smart Chain (BSC), with the remainder minted on Ethereum. In addition, a liquidity pool for USD1 was launched on PancakeSwap\u2014BNB\u2019s top decentralized exchange\u2014where over $19 million in assets are currently held. The total value locked (TVL) across both blockchains has surpassed $30 million.<\/p>\n\n\n\n
Despite the scale of deployment, BNB Chain was quick to clarify that it has no direct affiliation with WLFI or USD1. \u201cBNB Chain does not issue or own USD1,\u201d said a BNB Chain spokesperson in response to crypto.news<\/strong>. \u201cAs a decentralized blockchain, our mission is to onboard the next billion users to Web3, and stablecoins like USD1 support that vision.\u201d<\/p>\n\n\n\n While BNB Chain wasn\u2019t involved in any negotiations with WLFI, the spokesperson noted that its network provides compelling advantages for stablecoin issuers. These include:<\/p>\n\n\n\n These features, combined with a thriving DeFi ecosystem and enhanced security via tools like AvengerDAO and DappBay\u2019s Red Alarm, make BSC an attractive environment for projects like USD1.<\/p>\n\n\n\n The conversation also touched on a previous USD1 launch that turned out to be a scam. Former Binance CEO Changpeng Zhao (CZ) had issued a warning in March when another USD1 token appeared on BNB Chain but was non-tradable. In response, BNB Chain emphasized its focus on user education and safety. \u201cWe encourage users to always DYOR [Do Your Own Research] and utilize tools like Red Alarm to assess risks before interacting with any token,\u201d the spokesperson added.<\/p>\n\n\n\n When asked about regulation, including the U.S. Genius Act and European skepticism toward stablecoins, BNB Chain chose not to comment. However, they redirected users to their blog for insights on the future of DeFi and stablecoins in payments and savings markets.<\/p>\n\n\n\n The quiet yet large-scale launch of USD1 marks a significant moment for the intersection of politics, crypto, and decentralized finance. While BNB Chain distances itself from direct involvement, its infrastructure and reach continue to make it a central pillar for new digital assets entering the blockchain economy.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" In a move that\u2019s sparked both political and crypto-world attention, World Liberty Financial Inc. (WLFI)\u2014a firm reportedly connected to the Trump family\u2014minted $128.07 million worth of USD1 stablecoins on April 14. The majority of these tokens were issued on BNB Chain, a leading decentralized blockchain network initially incubated by Binance. BNB Chain as Primary Host…<\/p>\n","protected":false},"author":3,"featured_media":7943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[642,828,84],"class_list":["post-7942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-bnb-chain","tag-stable-coin","tag-trump"],"yoast_head":"\nWhy USD1 Chose BNB Chain<\/h3>\n\n\n\n
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Scams and the Need for Caution<\/h3>\n\n\n\n
Regulatory Landscape and Stablecoin Future<\/h3>\n\n\n\n
Final Thoughts<\/h3>\n\n\n\n