The USD1 stablecoin linked to the family of US President Donald Trump recorded a sharp increase in supply after a new incentive programme was unveiled by Binance.
Market data showed USD1 added roughly $150 million in market capitalisation in a single day following the exchange’s announcement.
The stablecoin’s total value rose from about $2.74 billion to approximately $2.89 billion during Wednesday trading.
Binance said the increase followed the launch of its USD1 “booster programme,” which offers yields of up to 20% annual percentage rate.
The incentive applies to flexible earn products with deposits exceeding $50,000, according to the exchange.
Binance described the promotion as an effort to help USD1 holders maximise returns during the campaign period.
The first phase of the programme is scheduled to run until Jan. 23, 2026, the company said in its statement.
Bonus tiered yields are distributed daily and credited directly to users’ Binance earn accounts.
USD1 forms part of a broader set of crypto ventures linked to the Trump family, which reportedly generated around $802 million in income in the first half of 2025.
Binance has steadily expanded USD1 integrations, making the token a more prominent component of its ecosystem.
On Dec. 11, the exchange added fee-free trading pairs involving USD1 against leading cryptocurrencies.
Binance also said it would convert all collateral backing its Binance USD holdings into USD1 at a one-to-one ratio.
The exchange has positioned the move as part of a wider effort to streamline its stablecoin offerings.
In May, USD1 was used to settle MGX’s $2 billion investment into Binance Exchange, according to public remarks made at Token2049 in Dubai.
The growing number of use cases has helped USD1 climb to become the seventh-largest stablecoin by market capitalisation globally.
USD1 now trails only a small number of larger stablecoins, including PayPal USD, in overall supply rankings.
Despite the growth, questions have emerged over the relationship between Binance and World Liberty Financial, the issuer behind USD1.
A July Bloomberg report alleged Binance contributed to the development of code used in USD1, citing unnamed sources.
Binance founder Changpeng Zhao disputed the report, saying it contained inaccuracies and hinting at possible legal action.
I might sue them again for defamation.
Changpeng Zhao said.
Lawmakers have also raised concerns about the political implications of the alleged links.
In October, Connecticut Senator Chris Murphy said Binance.
US was “promoting Trump crypto,” following a controversial presidential pardon.
The developments highlight the growing intersection of politics, regulation and stablecoin adoption in the US crypto market.