World Liberty's USD1 stablecoin loses $400M in market cap in two weeks
- —USD1 market cap fell by over $400 million in two weeks
- —Large redemptions occurred on Ethereum and BNB Chain
- —USD1 is issued by World Liberty Financial, a project tied to the Trump family
Why it matters: The outflow highlights intensifying competition among stablecoins and fragile confidence in newer issuers.
Source: Cointelegraph