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World Liberty Financial (WLFI)’s USD1 stablecoin has surpassed a $2 billion market capitalization. 

The milestone comes amid a significant expansion in the stablecoin sector, with experts predicting it could surge to $2 trillion in the coming years.

USD1 Stablecoin’s Growth: From $128 Million to $2 Billion

WLFI co-founder Zach Witkoff shared the development in the latest X (formerly Twitter) post.

“Proud to announce that @worldlibertyfi USD1 stablecoin has officially crossed $2 billion in market cap. Proud of the team, onwards!” Witkoff posted.

Data from BeInCrypto shows that USD1 experienced significant growth over a short period. On April 28, its market cap was $128 million. However, by the next day, it surged to $1 billion.

“Congratulations to the @worldlibertyfi team on USD1 reaching a $1 billion market cap,” BitGo wrote on X.

That’s not all. By April 30, the market cap doubled to $2.1 billion, ranking USD1 57th among all cryptocurrencies and 7th among stablecoins. It overtook established players like PayPal USD (PYUSD) and First Digital USD (FDUSD).

In fact, the surge has also solidified USD1’s standing on the Binance Smart Chain, where it now ranks as the second-largest stablecoin.

This highlights the increasing adoption and trust in USD1. The ascent positions it as one of the fastest-growing decentralized stablecoins in the market since its launch in late March.

Data from Dune’s blockchain analytics platform provides further insight into the factors driving this expansion. A series of minting events in the last week of April catalyzed the stablecoin’s market cap increase to over $2 billion. 

These minting activities align with WLFI’s strategic efforts to expand the token’s circulation. Earlier this month, the DeFi project proposed a USD1 airdrop to early supporters. As BeInCrypto reported, the airdrop is intended to test the on-chain distribution system, reward adopters, and enhance visibility ahead of a full-scale deployment.

USD1’s rise, however, has not been without scrutiny. The project has drawn attention due to President Donald Trump’s involvement, raising concerns among lawmakers about potential conflicts of interest.

Despite this, USD1’s market performance indicates strong investor confidence. The stablecoin’s rapid growth suggests it may continue to play a significant role in the digital asset market. However, its future will likely depend on both market dynamics and regulatory developments.

The post World Liberty Financial’s USD1 Stablecoin Exceeds $2 Billion Market Capitalization appeared first on BeInCrypto.

Since April 23, Solana’s price has oscillated within a tight trading range, facing resistance near $153.67 and finding support around $145.68. 

A growing wave of bearish pressure threatens to break this range to the downside, with a key technical indicator on the verge of confirming a major sell signal.

Solana Faces Breakdown Risk as Sellers Tighten Grip

SOL’s Moving Average Convergence Divergence (MACD) indicator is poised to form a death cross, a bearish crossover where the MACD line dips below the signal line.  

As of this writing, the coin’s MACD line (blue) rests near the signal line (orange), awaiting a catalyst to push it under. This pattern often precedes a sustained downtrend and is widely viewed by traders as a sign of weakening price strength.

Further, SOL’s Balance of Power (BoP) is currently negative, reinforcing the downtrend. This indicates that sellers have gained market control. At press time, this stands at -0.12.

The BoP indicator measures the strength of buying versus selling pressure by comparing the closing price to the trading range over a given period. 

When an asset’s BoP is positive, it signals that buyers are in control, indicating strong upward momentum and potential for continued price gain.

On the other hand, as with SOL,  a negative BoP value indicates that sellers dominate the market. It suggests an increase in downward pressure on SOL and hints at the potential commencement of a new decline phase. 

SOL Faces Key Support Test Amid Mounting Sell Pressure

As bearish momentum builds, SOL risks breaking below the support level at $145.68. A decisive break beneath this threshold would confirm a short-term downtrend and potentially trigger a deeper decline toward $142.32. 

Should buyers fail to regain control at that point, SOL could slide further to test the lower support at $133.94.

However, this bearish outlook could be invalidated if fresh demand emerges and buying interest strengthens. In that bullish scenario, SOL may overcome resistance at $153.67, opening the door for a rally toward $171.50.

The post Solana’s ‘Death Cross’ is Looming as SOL Struggles in the $150 Range appeared first on BeInCrypto.