Solana News Today: USD1 Aims for Solana Expansion to Boost DeFi Liquidity and Growth
USD1, a dollar-pegged stablecoin backed by U.S. Treasuries, is expanding to Solana to enhance decentralized finance liquidity and cross-chain compatibility. With a $2.5 billion circulating supply, USD1 ranks among the top six stablecoins globally and aims to compete with USDC and USDT in Solana’s $12 billion stablecoin market.
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