Plume crypto has noted a 22% increase over the last 24 hours following the recent introduction of USD1, a stablecoin created by World Liberty Financial, which is associated with the Trump family. Currently, Plume’s market cap has risen past $2.2 billion.

Recent days have seen a notable uptick in the crypto market, especially after Bitcoin (BTC) surpassed $108,000, with an overall market cap climbing to $3.4 trillion.

Plume Crypto’s Boost

This latest surge has placed Plume among the leading gainers, with a growth of 32% over the week, indicating a significant bounce back from previous lows of $0.07594.

According to Coingecko, Plume’s performance has been significantly better than the likes of Bitcoin and Ethereum, paving the way for potentially higher gains in the future. The token, after a fall in early June, is now aiming for a price above $0.20.

The Role of USD1

The driving force behind Plume’s increase was the announcement on July 1 regarding the integration of USD1, establishing it as a key asset within the Plume ecosystem. This stablecoin aims to compete with USDT and USDC and is primarily backed by government treasuries.

The integration has already seen benefits beyond price surges, with the total value locked (TVL) in Plume increasing to over $115 million, indicating enhanced liquidity.

Quote from Zak Folkman: “The foundation is set for USD1 to seamlessly integrate traditional finance with DeFi in a responsible and transparent manner.”
Translation: La base está establecida para que USD1 integre de manera fluida las finanzas tradicionales con DeFi de una manera responsable y transparente.

Conclusion

The momentum surrounding Plume’s token and the new stablecoin suggests a bright future, as diverse products from the RWAfi sector emerge, allowing for broader engagement in yield-generating projects.