Trump's USD1 stablecoin is off to a rocky start, data shows

WASHINGTON DC, UNITED STATES - MAY 30: United States President Donald Trump departs at the White House to U.S. Steel's Irvin Works in West Mifflin, Pennsylvania in Washington D.C May 30, 2025. 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 the leap from decentralized staging platforms like PancakeSwap into centralized venues that serve the mass market." The U.S. dollar-backed USD1 saw a burst of activity on PancakeSwap, a decentralized ... Read full article.