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Trump's USD1 stablecoin is off to a rocky start, data shows
President Donald Trump’s new dollar-pegged stablecoin is off to a sluggish start, with muted inflows and little organic demand, new data shows. The USD1 token — launched by Trump’s decentralized finance firm, World Liberty Financial — has so far failed to break out of a narrow speculative niche, according to Kaiko analyst Adam Morgan McCarthy. “Trump is trying to launch this stablecoin in a massive, growing market that’s a quarter of a billion dollars in size already, and his token’s only really been successful so far on a niche market of a niche market,” McCarthy said. “It hasn’t managed to make ... (full story)
