Binance Launches 20% APY Promo, USD1 Market Cap Exceeds $2.79 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Successful Promotion: Binance's launch of a 20% APY promotion for USD1 stablecoin led to a surge of over 45.6 million tokens within hours, pushing its market cap to exceed $2.79 billion, indicating strong investor interest and confidence in the asset.
- Significant Market Impact: This initiative not only attracted a rush of traders and investors but could also profoundly affect the competitive landscape of the stablecoin market, particularly pressuring established players like USDT and USDC.
- Political Background Advantage: USD1, launched by World Liberty Financial with ties to the Trump family, has garnered attention beyond the typical crypto community, enhancing its market recognition and appeal.
- Optimistic Future Outlook: While questions remain about USD1's long-term stability and transparency, the current momentum could solidify its market position, especially if more platforms and DeFi protocols begin to support it.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







