A new milestone just reshaped the stablecoin leaderboard.
USD1, the dollar-pegged token issued by World Liberty Financial, has officially surpassed PayPal’s PYUSD in market capitalization.
The announcement came straight from Eric Trump on X, who framed the development as more than a numbers game.
According to CoinMarketCap on Jan. 24, USD1 now ranks 27th with a market cap of approximately $4 billion, while PYUSD ranks 29th with a market cap of about $3.7 billion.
Launched in March 2025, USD1’s footprint has steadily expanded across exchanges, merchant payment rails, and digital-asset platforms tied to the broader WLFI ecosystem.
President Donald Trump is the co-founder emeritus of World Liberty Financial, while his sons Eric, Donald Trump Jr. and Barron Trump are among the co-founders.
While PayPal’s stablecoin remains tightly integrated within its own payments network, USD1 has leaned into crypto-native distribution and partnerships.
The timing also matters. Stablecoins are increasingly viewed not just as financial tools, but as strategic infrastructure tied to U.S. policy, regulation, and influence abroad.
Fueling USD1’s momentum is a newly launched incentive campaign from the leading crypto exchange Binance.
One of the most ambitious stablecoin-linked reward programs in recent memory, Binance unveiled a four-week, $40 million WLFI airdrop, running through Feb. 20, 2026.
Each week, $10 million worth of WLFI, the project’s governance and incentive token, will be distributed to users who hold USD1 in eligible Binance accounts.
The structure resembles a high-yield rewards program. Hourly balance snapshots determine a user’s minimum USD1 holdings, which are averaged over seven days to calculate WLFI rewards.
Spot balances earn standard payouts, while USD1 used as margin or futures collateral receives a 1.2x multiplier, favoring active traders.
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The airdrop comes with tight geographic limits.
Users in the United States, the United Kingdom, most of Europe, Japan, Russia, Canada, Iran, and several other countries are excluded due to regulatory constraints.