World Liberty Financial’s Significant Move
In a significant move shortly after a supportive address by Federal Reserve Governor Christopher Waller, World Liberty Financial, a decentralized finance initiative launched by the Trump family, has minted $205 million worth of its stablecoin, USD1. This increase marks a pivotal moment for the currency, elevating its market supply to an unprecedented total of $2.4 billion, the largest growth since April 2023.
USD1 Stablecoin’s Market Position
The USD1 stablecoin, which has seen rapid adoption since its inception earlier this year, is now recognized as the sixth largest stablecoin globally by market capitalization. It’s currently ranked behind Tether, the dominant stablecoin with a market cap of approximately $167 billion and a significant 60% market share. Circle’s USDC closely trails with a $67.4 billion valuation, capturing around 24% of the market.
Waller’s Remarks on Stablecoins
“I believe that stablecoins have the potential to maintain and extend the role of the dollar internationally,”
Waller’s optimistic remarks made at a blockchain conference in Wyoming underscored the potential for stablecoins to enhance the global role of the U.S. dollar and refine both retail and cross-border payment systems. His endorsement coincided with the recent passage of the GENIUS Act, legislation aimed at regulating stablecoins, which Waller remarked could significantly help the stablecoin market achieve its ambitions.
World Liberty Financial’s Treasury Holdings
World Liberty Financial’s treasury holdings now stand at a record $548 million, bolstered by the latest minting of USD1. This stablecoin constitutes approximately 39% of its overall portfolio, valued at $212 million, making it World Liberty’s most substantial crypto asset. Other notable investments include Aave Ethereum USDT at $85 million and a holding of 19,650 ETH, balancing out similarly in value.
Future Plans for World Liberty Financial
In addition to its current activities, World Liberty Financial is reportedly considering the establishment of a publicly traded company dedicated to its WLFI tokens, with an ambitious fundraising goal of about $1.5 billion planned for the future.
