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Stablecoin supply on Binance’s BNB Chain explodes 30% due to USD1’s $2.1B launch – TON BOT

Stablecoin supply on Binance’s BNB Chain explodes 30% due to USD1’s $2.1B launch

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Binance BNB Chain’s stablecoin reserves grew by over $2 billion with the introduction of USD1, a new dollar token by World Liberty Financial. The stablecoin market cap surged by 30% to $9.26 billion, closing the gap with Solana. USD1, backed by U.S. Treasury bills and BitGo, aims to challenge USDT and USDC.

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