USD1 Trading Volume Soars 6,700% After Quiet Launch

USD1 Trading Volume Surges Overnight

In just one day, the trading volume of USD1 has increased by nearly 6,700%. According to CoinMarketCap, the figure now sits above $140 million. This spike comes only a few days after USD1 quietly launched. Its market cap is now around $128 million. The USD1 logo has also started appearing on Binance and CoinMarketCap, signaling growing visibility.

On March 24, blockchain analysts noticed a USD1 smart contract on Binance Smart Chain. At first, activity looked like testnet runs. These included wallet interactions linked to crypto market maker Wintermute. A day later, WLFI confirmed that USD1 was coming. But they did not share any specific launch date or where it would be listed. Everything remained low profile.

Source: CoinMarketCap

Soft Launch Rolled Out Through Decentralized Platforms

It appears the soft launch actually began on April 12. That’s when the first liquidity pools involving USD1 popped up on Uniswap V3 and PancakeSwap V3. There was no announcement from WLFI about this rollout. The approach looked like a strategic move—quiet and calculated. It gave them a chance to test real conditions and check market response.

Despite the growing activity, WLFI has not shared any details about listings on major centralized exchanges. The move to keep things quiet could be part of a plan. It gives them space to monitor usage, resolve issues, and test stability before scaling up. Even without a major platform listing, USD1's numbers show strong traction.

USD1 is backed by the U.S. Treasuries, cash, and cash equivalents. BitGo serves as the reserve custodian. But what has really sparked attention is Donald Trump’s connection to the project. Lawmakers and financial experts are raising serious questions. Some believe this might be about more than just a new stablecoin.

Maxine Waters, a Democrat, voiced concerns during a hearing on stablecoin regulation on April 2. She implied that Trump might wish to switch federal operations away from the US dollar. Her remarks suggested a broader issue. She stated, "Trump probably wants stablecoins to be used by the entire government." "This could include anything from Social Security to housing payments to even tax collections," she continued. What coin do you believe Trump would use in the place of the dollar? Naturally, his own.

Source: X

Some crypto leaders also see deeper motives. Mateusz Kara, the CEO of Ari10, expressed his opinions in a public statement. He doesn't think Trump has fallen head over heels for stablecoins or cryptocurrency. Kara thinks the U.S. debt is the reason behind this action instead. Making the world a new, open market for U.S. bonds is the true goal of growing the stablecoin market, he stated.

The peaceful arrival of USD1 has suddenly become a contentious issue. The rapid increase in trade volume indicates interest. However, the timing and political connections have made it more than simply another stablecoin. A lot of people are observing. Innovation is perceived by some. Some perceive it as a backdoor to more ambitious objectives. In any case, USD1 is no longer a secret anymore.