Trump-backed World Liberty Financial is making a splash in DeFi with USD1, a new dollar-backed stablecoin now live on Ethereum and BNB Chain. On-chain data reveals the token quietly launched three weeks ago, with multiple transactions linked to Wintermute, one of crypto’s biggest market makers. While USD1 has already inspired a flood of memecoins, the official stablecoin remains untradeable - at least for now.

Meanwhile, Circle is breaking new ground in Japan, securing approval to roll out USDC in the country’s regulated markets. The stablecoin will debut on SBI VC Trade before expanding to major local exchanges like Binance Japan and bitFlyer. With Japan opening up to stablecoins and USD1 stirring up speculation, the battle for dominance in the digital dollar game is heating up.