On June 29, 2025, USD1 surpassed USDC with a trading volume of 3.37 billion USD, marking its position as the second most popular stablecoin after USDT.
The growth of USD1 has been fueled by significant interest from institutional investors and partnerships with DeFi platforms, enhancing its market utility.
Senator Elizabeth Warren raised concerns about the potential use of USD1 in shadow banking practices, emphasizing the need for scrutiny around its large transactions.
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