According to Binance, according to Binance data of Artemis.
From May 22 to June 1, Stablecoin exchanged $ 10.7 billion in volume, exceeding the total transfers of its creation until May 21. The shock is from World Liberty Finance, a decentralized request supported by President Donald Trump and his family.
Weekly volumes had already increased considerably in mid-May. USD1 left the $ 307 million negotiated between May 12 and 18 to reach $ 4.3 billion the following week, a weekly increase of 1,300%.
Although the volumes of the current week were not finalized, USD1 has already recorded nearly $ 6.8 billion on June 1, almost 60% compared to the previous week. In addition, this marks a new weekly record, exceeding the last high volume of $ 6.2 billion, which was recorded between April and May.
The increase in transfer volumes also occurred a month after the USD1 became the sixth largest stablecoin on the market, exceed $ 2 billion in market capitalization.
Action on the ecosystem linked to Binance
In particular, users have transferred $ 1.1 billion to Binance from the USD1 list. The amount is about half of the $ 2.3 billion negotiated on Pancakeswap in the last 30 days, according to Artemis data.
However, most of the volume of USD1 transactions in the past 30 days seems to come from peer transfers (P2P).
Two addresses alone moved nearly $ 3.3 billion during the period, dragging only the USD1 and Buildon (B) swimming pool in Pancakeswap. The swimming pool between Stablecoin and the same, recorded $ 143 million in the last 24 hours.
Although Stablecoin is available in the Ethereum network, most of the USD1 action occurs on the BNB channel. Stablecoin’s offer is currently $ 2.17 billion, 98.4% of which focuses on the BNB channel, According to Defillama.
This makes the USD1 the second largest stablecoin of the BNB channel ecosystem, beaten only by USD (USDT) of TETHER (USDT) nearly $ 6 billion in market capitalization in the network.
