Coinbase Adds USD1 to Roadmap for Potential Listing


Coinbase Adds USD1 to Roadmap for Potential Listing
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  • Trump-backed stablecoin USD1 by World Liberty Financial is listed on Coinbase’s roadmap.
  • Stablecoin supply surges to $2.4 billion, driven by major deals and minting growth.

On August 21, 2025, The Block reported that Coinbase has added USD1, a stablecoin supported by former President Donald Trump and World Liberty Financial, to its roadmap. This move highlights growing attention toward USD1, which is pegged to the US dollar and backed by prominent advocates, including Donald Trump’s sons, Donald Jr. and Eric.

USD1 has witnessed substantial growth, with its supply reaching $2.4 billion. The Block notes that a $205 million minting for the WLFI Treasury played a key role in this increase. Additionally, a $2 billion transaction with Binance, managed by Abu Dhabi-based investment firm MGX, significantly expanded the token’s circulation, supported further by its strategic partnerships.

The project aims to incentivize users through rewards for activities like trading and holding the stablecoin. A potential Coinbase listing, given the exchange's prominence in the crypto sector, could help drive faster adoption. Meanwhile, the stablecoin market is drawing increased scrutiny from regulators and policymakers, including Federal Reserve Governor Christopher Waller, who supports their role in upholding the dollar’s global dominance.

As of August 21, 2025, 15:09 UTC, USD1 was trading at $0.999 with a minimal 0.004% change over 24 hours, according to market data. Trading volume reflected a 16.447% drop over the same period.

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Article Info
Category
Web3
Published
2025-08-21 15:11
NFT ID
PENDING
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