World Liberty Financial (WLFI) has been making waves in the cryptocurrency space with the anticipation of its USD1 stablecoin. Despite the absence of an official exchange listing announcement, on-chain data indicates a significant spike in daily trading volume, reaching nearly $44 million. The USD1 stablecoin has gained traction following a soft launch on decentralized exchanges like PancakeSwap V3 on BSC, where the USD1/WBNB trading pair has seen volumes of nearly $22 million.
The surge in daily transaction activity for the USD1 stablecoin comes as a surprise to many, considering the lack of an official exchange listing. However, the strong numbers suggest a growing interest and demand for USD1. The total supply of USD1 currently sits at just over $7 million, with co-founder ZachWitkoff hinting at a soft launch on Ethereum and BNB Chain. The recent spike in trading volume follows an airdrop proposal for WLFI holders earlier in the week, aimed at driving adoption metrics.
Despite the delay in an official exchange listing for the USD1 stablecoin, investors remain optimistic about a potential announcement in the near future. Speculation has been circulating about a possible listing coinciding with the passing of a new stablecoin bill in the US. The technical aspect for the listing seems to be covered, with Ethereum and BNB Chain already tapped for launch, giving USD1 a competitive edge in the market.
While the initial prediction for a listing date fell through, the enthusiasm within the community remains high as eyes are now set on a potential listing announcement before the end of April. USD1 is in a race against established stablecoins like USDC and USDT, but an early listing could give it a strategic advantage in capturing a share of the market. As WLFI continues to build momentum with the USD1 stablecoin, investors are eagerly anticipating further developments and announcements from the project.
