World Liberty Financial Mints $205 Million in Stablecoin Following Fed Governor’s Speech
- World Liberty Financial minted $205 million worth of its stablecoin, USD1, increasing its supply to a record $2.4 billion.
- The minting occurred shortly after Federal Reserve Governor Christopher Waller praised stablecoins during a blockchain conference.
- USD1 has become the sixth-largest stablecoin globally, trailing Tether (USDT) and Circle’s USDC.
- WLFI treasury holdings reached a record high of $548 million, with USD1 comprising $212 million of this total.
- The recent increase marks the first significant rise in USD1’s supply since late April.
The recent minting by World Liberty Financial highlights the growing significance of stablecoins in the cryptocurrency market, particularly following supportive remarks from regulatory figures like Waller and SEC Chair Paul Atkins regarding their potential for enhancing payment systems.
With the latest mint boosting USD1’s supply significantly, it now represents a substantial portion of World Liberty’s portfolio at nearly $212 million.(Source)
