Binance incentive pushes Trump-linked USD1 market cap up $150M
The market capitalization of USD1, a stablecoin backed by WLFI, a company linked to the Trump family, has grown by $150 million after Binance announced an incentive program for USD1 holders offering yields of up to 20%.
According to CoinGecko data, on December 24 the USD1 stablecoin increased its supply by $150 million from $2.74 billion to $2.89 billion after the world’s largest cryptocurrency exchange Binance announced its “incentive program,” offering up to a 20% annual percentage rate (APR) on flexible USD1 products for deposits exceeding $50,000.
USD1 market capitalization, one-week chart. Source: CoinGecko, Cointelegraph
The campaign was designed to “help USD1 holders maximize their rewards” and will run until January 23, 2026, with passive income from a multi-tier annual percentage rate bonus accrued daily directly to Binance users’ Earn accounts, according to the Binance announcement.
USD1 has become an increasingly important part of the Trump family’s growing crypto project, which reportedly generated around $802 million in revenue in the first half of 2025. USD1 is already the seventh-largest stablecoin and has earned a reputation as the fastest-growing one.
Support and uncomfortable questions that remain unanswered
Such achievements would hardly be possible without promotion from major market players like Binance. As is known, in May USD1 was used to settle MGX’s $2 billion investment in Binance, and since December 11 the exchange has expanded support for USD1, adding zero-fee trading pairs for leading cryptocurrencies and announcing it would convert all collateral assets backing its Binance USD (BUSD) stablecoin to USD1 at a 1:1 ratio.
However, some questions remain unanswered regarding the relationship between Binance and WLFI. As Cointelegraph reports, a July Bloomberg report suggested that Binance was responsible for developing part of the USD1 code, citing anonymous sources familiar with the matter.
In response, Binance founder Changpeng Zhao said the article contained factual inaccuracies and hinted he might “sue them again for defamation.”
As we wrote, Trump-linked USD1 stablecoin expands to Canton institutional network
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