The USD1 stablecoin saw its market capitalization climb by $150 million on December 24, coinciding with the period when Binance announced a yield program linked to the token. The new booster incentive program is said to offer up to 20% yield. Meanwhile, the rally in market capitalization has made USD1 the seventh-largest stablecoin in the crypto industry.
Binance Announces 20% APR Yield for USD1
The World Liberty Financial USD (USD1) stablecoin, which is linked to the family of President Donald Trump, recently saw its market cap move from $2.74 billion to $2.89 billion in hours.
At the time of this writing, it has climbed further to $2.91 billion, according to CoinMarketCap data. This surge is suspected to be catalyzed by a recent Binance announcement.
The top cryptocurrency exchange added USD1 to its Booster program. Notably, this new offering is limited to 50,000 USD1 deposits and offers a 20% Annual Percentage Rate (APR).
This yield is part of Binance’s usual Earn pro
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