Trump’s USD1 rockets into top 7 stablecoins, flips PayPal and Tether Gold

By: bitcoin ethereum news|2025/05/08 19:45:02
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US President Donald Trump-backed World Liberty Financial’s (WLFI) stablecoin is making its way to the tally of the biggest cryptos in the market. The dollar-pegged USD1 has exploded into the world’s 7th-largest stablecoin in just two months. Launched back in March with a size of $3.5 million supply, USD1 has zoomed to a $2.2 billion market cap. The cumulative stablecoin market cap stands at $246 billion, with Tether’s USDT leading the charge. USD1 hits $2.2B market cap USD1 still lags behind the OGs in the market like USDT ($149.5 billion market cap) and USDC ($61 billion market cap). However, it has managed to leapfrog PayPal USD’s $872 million market cap, First Digital USD’s $1.5 billion market cap and even Tether Gold at $823 million. This surge has been driven largely by its near-exclusive issuance on Binance-backed BNB Chain. As $2.1 billion of USD1 circulates on BNB Chain, it represents over 99% of its total supply. Meanwhile, a much smaller $14.5 million tranche exists on Ethereum. USD1 accelerated sharply in late April when its market cap ballooned 1,540% from $128 million to $2.1 billion. The spike is also backed by Eric Trump’s announcement that Abu Dhabi’s MGX investment firm would channel $2 billion into Binance using USD1. Meanwhile, the WLFI community is busy voting on an airdrop proposal. Reports suggest that 90% of WLFI’s investors aren’t American. After the major announcement, Senator Elizabeth Warren wasted zero seconds and stated, “A fund backed by a foreign government is making a $2B deal using Donald Trump’s stablecoins.” She’s furious that the GOP-led Senate is prepping to pass the GENIUS Act, a stablecoin bill she claims could “help the President and his family line their own pockets.” The World Liberty Financial project’s team includes President Donald Trump affiliates such as his son Eric Trump and Zach Witkoff, the son of Trump’s special envoy to the Middle East, Steve Witkoff. Witkoff had announced that USD1 is hopping onto Tron, which is Justin Sun’s blockchain. Bitcoin eyes $100K as Trump’s cryptos go parabolic Sun turns out to be the WLF’s biggest known investor with at least $75 million in the pot and is also an adviser to the project. However, Sun also moderated the panel where Witkoff and Eric Trump were both flexing USD1. This comes in when the US Securities and Exchange Commission (SEC) paused its securities fraud case against Justin Sun earlier this year. Meanwhile, Donald Trump has doubled down on promises to be the “crypto president” and overhaul US crypto rules. The global digital assets market posted a surge of around 3% on early Thursday morning as Bitcoin inches towards the $100k mark. The cumulative crypto market cap breached the $3 trillion mark with a trading volume of $112 million. Bitcoin price surged by 2.5% over the last day and is trading at an average price of $99,613 as of press time. Ethereum, the biggest altcoin, recorded a jump of 5% in an attempt to regain the crucial $2,000 mark. ETH is trading at an average price of $1,936 as of press time. Trump’s OFFICIAL TRUMP is among the biggest gainers of the day as its price skyrocketed by 12% in the last 24 hours. TRUMP is trading at an average price of $12.25 with a trading volume close to $1 billion. It is still down by 83% from its all-time high of $75.35. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/trump-usd1-into-top-7-stablecoins/

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BeatSwap is evolving towards a full-stack Web3 infrastructure, covering the entire lifecycle of IP rights.

The core product "Space" is scheduled to launch in Q2 2026, driven by SocialFi


BeatSwap, a global Web3 Intellectual Property (IP) infrastructure project, is attempting to overcome the current fragmentation limitations of the Web3 ecosystem, building a full-stack system that covers the entire lifecycle of IP rights.


Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.


BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:


· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure


Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.


Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure


BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:


Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand


The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.


In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.


"Space" to Launch in Q2 2026: Building the Core of SocialFi


BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.


Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures


Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading


$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier


$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.


Main features include:


· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion


With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.


Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility


Currently, $BTX has been listed on several mainstream exchanges, including:


Binance Alpha

Gate

MEXC

OKX Boost


As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.


Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets


BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.


By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."


Conclusion


BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.


With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.


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