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Trump's WLFI tests USD1 stablecoin on BNB Chain; can Binance Coin at last reach $700?
Rising volumes indicate more market interest, so the price of Binance Coin climbed 3% on Monday reaching the $635 barrier.
Under Trump's direction, Launched USD1 on March 4, World Liberty Financial is a USD-backed stablecoin on BNB Chain but not yet trading.
According to reports, the initiative is creating three products—an on-chain lending and borrowing market among others.
Monday witnessed a 3% price rise in Binance Coin (BNB), which crossed the $635 barrier as increasing trade volumes indicated more market interest. Growing excitement over a new stablecoin initiative supported by former U.S. President Donald Trump's business endeavor, World Liberty business (WLFI), fuels the spike.
Under Trump's influence, Binance Coin (BNB) reaches $635.
Following a protracted consolidation period throughout the weekend Binance Coin (BNB) entered the market surge on Monday.
Monday's BNB price rose 3.5% and crossed the $635 level, as the TradingView chart above shows.
More importantly, increasing trade volume bars over the 24-hour time span indicate more market interest.
Growing excitement over a new stablecoin initiative supported by former U.S. President Donald Trump's business endeavor, World Liberty business (WLFI), fuels the spike.
USD1 stablecoin is launched on BNB chain by Trump-backed World Liberty Financial (WLFI).
Officially introducing USD1, a USD-backed stablecoin based on the BNB Chain is World Liberty Financial. The action fits WLFI's more general objective of increasing stablecoin acceptance and offering a distributed substitute for world digital payments.
Looking on transactions between the contract and a wallet connected to crypto market maker Wintermute, blockchain analytics company LookOnChain noted deployment and suggested test transfers.
Changpeng Zhao, the creator of Binance, claims that the stablecoin contract was implemented around twenty days ago.
The WLFI team has advised consumers to be alert of any frauds, however, since the supposedly stablecoin is not actively traded yet.
On the blockchain explorer of BNB Chain, the USD1 contract is still openly viewable.
But compared to other layer-1 assets like ADA, SOL and XRP, which entered double-digit gains following Trump's backing with a crypto strategic reserve proposal in early March, BNB price stays rather subdued without official confirmation from WLFI or the Trump family regarding the launch.
The USD1 contract is still openly visible on the blockchain explorer of BNB Chain.
But with no formal confirmation from WLFI or the Trump family on the launch, BNB pricing stays somewhat low in comparison to other layer-1 assets such ADA, SOL and XRP earned Trump's endorsement with a crypto strategic reserve plan in early March.
Trump's most recent participation in crypto-related endeavors comes with the USD1 launch.
Trump started a memecoin on the Solana network in January 2024, which within 24 hours shot to a $12.8 billion market capitalization.
Against this background, both institutional and ordinary investors should find great interest in USD1's debut.
WLFI sees DeFi lending and borrowing market on BNB chain.
Apart from stablecoins, WLFI is apparently creating three financial products: an on-chain lending and borrowing marketplace.
This project seeks to improve liquidity and increase the stablecoin application possibilities in distributed finance (DeFi).
Should it be successful, the platform might propel acceptance of BNB Chain-based assets, hence bringing Binance Coin (BNB) closer to the $700 mark in the next weeks.
Clearing $ 660 obstacle to confirm $700 target,BNN Price Forecast: Steady higher trajectory gains 3.4% on Monday to trade at $635.33 as positive momentum grows.
Higher lows shown on the daily candlestick chart point to a continuous rising. With a clear breakthrough over the next significant resistance level—$643.72—the Donchian Channel (DC) emphasizes the path towards $600, a vital psychological barrier before a $700 price objective takes effect.
#Trump:ILOVE$TRUMP #WhaleMovements #BinanceAlphaAlert #USTariffs $BNB $BTC $ETH @Richard Teng @Yi He @Rachel Conlan
Under Trump's direction, Launched USD1 on March 4, World Liberty Financial is a USD-backed stablecoin on BNB Chain but not yet trading.
According to reports, the initiative is creating three products—an on-chain lending and borrowing market among others.
Monday witnessed a 3% price rise in Binance Coin (BNB), which crossed the $635 barrier as increasing trade volumes indicated more market interest. Growing excitement over a new stablecoin initiative supported by former U.S. President Donald Trump's business endeavor, World Liberty business (WLFI), fuels the spike.
Under Trump's influence, Binance Coin (BNB) reaches $635.
Following a protracted consolidation period throughout the weekend Binance Coin (BNB) entered the market surge on Monday.
Monday's BNB price rose 3.5% and crossed the $635 level, as the TradingView chart above shows.
More importantly, increasing trade volume bars over the 24-hour time span indicate more market interest.
Growing excitement over a new stablecoin initiative supported by former U.S. President Donald Trump's business endeavor, World Liberty business (WLFI), fuels the spike.
USD1 stablecoin is launched on BNB chain by Trump-backed World Liberty Financial (WLFI).
Officially introducing USD1, a USD-backed stablecoin based on the BNB Chain is World Liberty Financial. The action fits WLFI's more general objective of increasing stablecoin acceptance and offering a distributed substitute for world digital payments.
Looking on transactions between the contract and a wallet connected to crypto market maker Wintermute, blockchain analytics company LookOnChain noted deployment and suggested test transfers.
Changpeng Zhao, the creator of Binance, claims that the stablecoin contract was implemented around twenty days ago.
The WLFI team has advised consumers to be alert of any frauds, however, since the supposedly stablecoin is not actively traded yet.
On the blockchain explorer of BNB Chain, the USD1 contract is still openly viewable.
But compared to other layer-1 assets like ADA, SOL and XRP, which entered double-digit gains following Trump's backing with a crypto strategic reserve proposal in early March, BNB price stays rather subdued without official confirmation from WLFI or the Trump family regarding the launch.
The USD1 contract is still openly visible on the blockchain explorer of BNB Chain.
But with no formal confirmation from WLFI or the Trump family on the launch, BNB pricing stays somewhat low in comparison to other layer-1 assets such ADA, SOL and XRP earned Trump's endorsement with a crypto strategic reserve plan in early March.
Trump's most recent participation in crypto-related endeavors comes with the USD1 launch.
Trump started a memecoin on the Solana network in January 2024, which within 24 hours shot to a $12.8 billion market capitalization.
Against this background, both institutional and ordinary investors should find great interest in USD1's debut.
WLFI sees DeFi lending and borrowing market on BNB chain.
Apart from stablecoins, WLFI is apparently creating three financial products: an on-chain lending and borrowing marketplace.
This project seeks to improve liquidity and increase the stablecoin application possibilities in distributed finance (DeFi).
Should it be successful, the platform might propel acceptance of BNB Chain-based assets, hence bringing Binance Coin (BNB) closer to the $700 mark in the next weeks.
Clearing $ 660 obstacle to confirm $700 target,BNN Price Forecast: Steady higher trajectory gains 3.4% on Monday to trade at $635.33 as positive momentum grows.
Higher lows shown on the daily candlestick chart point to a continuous rising. With a clear breakthrough over the next significant resistance level—$643.72—the Donchian Channel (DC) emphasizes the path towards $600, a vital psychological barrier before a $700 price objective takes effect.
#Trump:ILOVE$TRUMP #WhaleMovements #BinanceAlphaAlert #USTariffs $BNB $BTC $ETH @Richard Teng @Yi He @Rachel Conlan
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.