The market cap of World Liberty Financial's USD1 stablecoin has dropped more than $400 million over two weeks, to about $4.02 billion on Monday per CoinGecko, down from $4.43 billion on Oct. 6, a 9.1% decline. The drop reflects large redemptions on Ethereum and BNB Chain, and Onchain Benchmark found nearly $200 million of BNB Chain redemptions came from a single unidentified address whose controller could not be established. On Ethereum, more than 99% of tokens sent for redemption passed through a wallet labeled BitGo, USD1's current issuer and custodian. USD1 kept its dollar peg, trading between $0.998 and $1.000 with no sustained depegging. Its Ethereum supply fell 11.45% from Oct. 6 to Oct. 15, steeper than USDe (4.93%), USDC (2.18%) and USDT (0.76%).
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: World Liberty’s USD1 stablecoin sheds $400M in market cap in two weeks
Read the original on Cointelegraph ↗
Keywords
stablecoinscryptoWLFIWorld Liberty Financial
Open a keyword to see other news on the same topic.
Related tickers and likely impact
WLFI/USDT
▼ Likely negativeWorld Liberty Financial
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Other |
| Market cap | $1.8B |
| Close on 10/18/2026 | 0.05700 |
| Change that session | 0.00% |
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/18/2026 | 82,116.00 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Could Buying XRP Today Set You Up for Life?
XRP, a token developed by Ripple Labs, hit a lifetime high of $3.65 in July 2025 and is now down about 64% from that peak. Year to date, XRP is down roughly 30% versus about 8% for Bitcoin, and its market cap of about $82.5 billion makes it the fourth-largest cryptocurrency excluding stablecoins. The article attributes XRP’s underperformance to Bitcoin gaining share as a store of value and to stablecoins threatening XRP’s payment use case. It concludes that buying XRP is unlikely to set an investor up for life, unless Ripple finds new use cases for the token.
- Mastercard research : Nigerian SMEs among global leaders in crypto , stablecoin and cybersecurity adoption
Mastercard's Dreamonomics report finds Nigerian SMEs lead 18 surveyed markets in accepting cryptocurrency and stablecoins and in using cybersecurity tools. 34% accept cryptocurrency versus a 13% global average, 22% use it for business expenses (7% globally), and 23% accept stablecoins, with 11% using them to settle expenses, the highest of any market. 47% already use cybersecurity tools (37% globally) and 83% are excited about AI's potential for their business (70% globally). Mastercard has also brought its Crypto Credential to Nigeria with digital asset exchange Busha, letting eligible users send and receive supported assets using an email address or phone number instead of long blockchain addresses.
- France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals
France's National Assembly adopted Amendment I-3898 by 38 votes to 37, with 25 abstentions, which would tax gains when crypto such as Bitcoin is swapped into stablecoins, even without converting to fiat; if enacted, it could apply from 2027. The calculation would use the acquisition cost of the sold asset and the weighted average purchase price. The same day, the Assembly rejected a proposal to carry forward realized crypto losses for 10 years, by 18 votes to 75 with 3 abstentions. Two proposals remain under consideration for the 2027 Finance Bill: Amendment I-CF1822 would extend the exit tax to unrealized gains for portfolios above €800,000 ($895,000) when taxpayers move their residence abroad, and Amendment I-2701 would require declaring self-custodial wallet holdings above €100,000 ($112,000).
- Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
Deutsche Bank plans to extend its crypto custody service to Asia in 2027, with a German launch expected within weeks but still subject to regulatory approval. The initial offering will support bitcoin, ether and stablecoins USDC, EURC and EURAU, with the bank managing clients' wallets and private keys so corporate and institutional clients can hold and transfer crypto. The bank also plans stablecoin conversion, tokenized deposits and digital bond issuance services, as part of a target of roughly 8% compound annual revenue growth in its corporate bank from 2025 to 2028. It received BaFin authorization under MiCA on October 12 and has worked with Bitpanda and Taurus, joining rivals such as Standard Chartered and BBVA in offering crypto custody.
- Is Solana Too Cheap to Ignore at Today's Prices?
Crypto prices are recovering after a year-long slump: as of Oct. 16, Bitcoin was up 28% over three months, while Solana gained 40% but remained 65% below its all-time high from last year, trading around $105. The author argues this decline does not reflect Solana's ecosystem growth, as the chain generated more fees than any other network over the past 30 days, its stablecoin supply hit an all-time high of $16.5 billion, and it ranks third in tokenized asset value. Samsung named Solana as a partner for USDC access through Samsung Wallet, and Securitize launched tokenized versions of 12 U.S. megacap stocks on the chain. The author also notes risks, including dependence on crypto sentiment, a 2025 peak driven by meme coin activity, and uncertain adoption, but considers Solana worth a closer look for investors willing to take on risk.
- Stablecoin supply stalls, but payments jump 45% as Visa, Mastercard and Stripe connect crypto to cash
According to blockchain analytics firm Allium, stablecoin supply barely grew this year, reaching about $305 billion by end-September (up 0.4% year to date), while stablecoin payments hit $482 billion in the first nine months, up 45% from a year earlier. The number of payments rose 71% to over 1 billion, and stablecoin-linked card spending reached $3.9 billion, ten times the prior year's level, with purchases under $50 accounting for 84% of the increase in card transactions. This week, Mastercard launched its Global Money Platform with BVNK, Stripe partnered with Plasma on multi-currency cards, and Visa said Inyo Global became the first provider to use Visa Direct's stablecoin prefunding service commercially. Still, only $2.4 trillion, or 2.5%, of $97.9 trillion in raw stablecoin transfers was classified as end-user activity, and stablecoin cards accounted for just 0.03% of Visa's $4 trillion in second-quarter payment volume.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.