0/🧵USD1 or USDone?
World Liberty Financial just launched a new dollar-pegged stablecoin: $USD1
 
However, details around yield and fee structure still remain unclear.

Is this just another stablecoin, a strategic push, or a high-profile money grab wrapped in stars and stripes?

1/ Deployment 
USD1 is currently on Ethereum and BNB Chain with ~$3.5mm minted on each.

Despite the official announcement, the project isn’t fully live, and only 8 addresses currently hold $USD1

Wintermute appears to be spearheading liquidity with Bitgo providing custody

In Data We Trust

https://dune.com/seoul/

2/ Big Picture Play (?)
@worldlibertyfi’s move aligns with a broader trend of increasing US involvement in crypto:

🔹Appeals to institutions through regulatory alignment
🔹Signals legitimacy with implied government backing
🔹Keep USD-backed stablecoins under US oversight

3/ Competitive Landscape
The stablecoin market is already crowded with established players like $USDC & $USDT and newcomers like $USDe

Without a clear yield-sharing model or transparent fee structure, its main differentiator is the Trump brand and the narrative surrounding it.

4/ Will it make it?
Without clarity on yield distribution, fee structures, or user incentives, USD1 feels more like a statement than a product for now.

Still, it’s worth watching.

The real question: Can political narrative and branding compete with product-market fit in 2025?

5/ Dashboard
@dune.eth Dashboard: https://dune.com/seoul/usd1 

CA: 0x8d0D000Ee44948FC98c9B98A4FA4921476f08B0d