finance
USD1 Stablecoin Market Cap Rises 50 Percent After Four Months of Subsidies
WLFI spent more than $115 million in incentives over four months to expand USD1 usage. The stablecoin's market capitalization increased from $3.137 billion to $4.76 billion, moving it from seventh to fourth place among dollar-pegged tokens.
May 24, 4:11 AM·1m read1 source
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Over four months, WLFI allocated more than $115 million in WLFI tokens to subsidize USD1 interest rates and trading activity. The spending covered incentives on centralized exchanges including Binance and Bybit, activity rewards on Aster, and interest subsidies on the Dolomite lending platform.
76 billion. The token advanced from seventh to fourth place among dollar stablecoins, surpassing USDe and PYUSD while remaining behind USDT, USDC, and DAI. Daily trading volume increased tenfold, moving from an average of $200 million before the subsidies to $2 billion afterward.
The growth coincided with expanded support for USD1 as collateral on centralized exchanges and perpetual futures platforms.
The reported figures reflect only the four-month subsidy window ending on the date of the post. No additional spending plans or performance targets were stated.
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