In the grand tradition of improbable cosmic events (and the occasional intergalactic hitchhiker), World Liberty Financial Inc. has quietly conjured the USD1 stablecoin into existence. It’s now merrily trading on both Ethereum and Binance Smart Chain — as if it simply hopped out of a towel and said, “Hello, universe!” 😊
CoinMarketCap has observed that USD1’s trading volume has blasted off by a staggering 6,700% in just 24 hours, swirling around $140 million like a tea-soaked spaceship on a joyride, while its market cap hovers near a modest $128 million. Even the USD1 logo made a cheeky appearance on Binance and CoinMarketCap, leaving faint digital fingerprints across the cosmos.
As if guided by an overly enthusiastic guidebook to digital oddities, blockchain analysts first glimpsed a USD1 smart contract on Binance Smart Chain on March 24. Back then, it was just a polite testnet affair, casually mingling with wallets linked to the mysterious crypto market maker Wintermute. The very next day, WLFI hinted at secret launch plans without disclosing any dates or exchange listings — a bit like leaving breadcrumbs for interstellar adventurers.
The actual mainnet soft launch appeared around April 12, when the first liquidity pools waltzed onto Uniswap V3 and PancakeSwap V3, performing a cosmic dance that even a Vogon might admire (if they had a sense of humor).
Nevertheless, WLFI has yet to announce any centralized exchange listings, keeping its enterprise as enigmatic as a spaceship hidden in an improbability field.
Meanwhile, Trump’s curious flirtation with USD1 — a stablecoin backed by U.S. Treasuries, cash, and equivalents, with BitGo dutifully playing custodian — has set off alarm bells among lawmakers and financial analysts, much like discovering that your towel has suddenly become a receipt for cosmic debt. 😏
At an April 2 House Financial Services Committee hearing on stablecoin regulation, Democratic Representative Maxine Waters suggested that Trump might be plotting to use USD1 to replace the U.S. dollar in government functions, as if the realm of bureaucracy needed a dash of interstellar absurdity.
“Trump likely wants the entire government to use stablecoins, from payments made by the Department of Housing and Urban Development to Social Security payments to paying taxes. And which coin do you think Trump would replace the dollar with? His own, of course.” 😆
Ari10 CEO Mateusz Kara, with the dry bemusement of a seasoned traveler through the absurd corridors of finance, remarked that Trump’s sudden affection for stablecoins isn’t about embracing crypto per se but is more an ingenious (or perhaps outlandish) scheme to create a new channel for global U.S. debt distribution.
“I don’t quite believe in Trump’s sudden love for stablecoin and blockchain,” Kara observed. “The real purpose of strengthening the stablecoin market is to make the world a new, receptive market for U.S. bonds.” 😜
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2025-04-14 11:37