Cryptocurrency market observers noticed the presence of a stablecoin called World Liberty Financial USD (USD1) on the BNB Chain (CRYPTO: BNB) on Monday. However, the platform it was named after hasn’t made any official announcements yet.
What happened: In an X post, Binance co-founder Chanpeng Zhao informed that the smart contract tied to the USD1 token was deployed 20 days ago.
As per the contract details, the coin had a maximum total supply of 3,500,680. On-chain data revealed that cryptocurrency market maker Wintermute had run a few test transfers with USD1.
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