USD1 Stablecoin Surges Past $5B Market Cap Amid TRUMP Coin Decline

USD1, a stablecoin tied to Trump, gains traction with institutions, while the associated meme coin struggles with diminishing excitement.

The Trump-associated stablecoin, USD1, has recently experienced remarkable growth, pushing its market capitalization beyond the $5 billion mark. This surge is largely attributed to increasing institutional interest, which has bolstered its adoption in the crypto sphere.

In stark contrast, the official meme coin related to U.S. President Donald Trump has been facing challenges, as its initial hype begins to fade. The decline in popularity highlights the volatility that often characterizes meme coins in the cryptocurrency market.