World Liberty’s USD1 Market Cap Falls More Than $400M in Two Weeks
Edited by Steinar Vigdel Kolnes, Editor, Oslo
USD1, the stablecoin from World Liberty Financial, lost more than $400 million in market capitalization amid large redemptions on Ethereum and BNB Chain.
World Liberty Financial’s USD1 stablecoin recorded a decline of more than $400 million in market capitalization over a two-week period, according to Cointelegraph.
The contraction coincided with large redemptions across Ethereum and BNB Chain, the two networks identified in the report.
The source did not specify USD1’s remaining market capitalization or provide a breakdown of redemptions by network.
Source: Cointelegraph
