That’s the value of all trades done using the USD1 stablecoin, which is issued by the Trump family’s World Liberty Financial venture, since the token’s launch in April.
Most trades were on PancakeSwap, a low-key trading venue quietly administered by Binance—the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump. Go deeper on how PancakeSwap has drummed up interest in USD1: