Trump-Backed World Liberty Mints $205M in USD1 Stablecoin After Fed Governor’s Speech

Trump-Backed World Liberty Mints $205M in USD1 Stablecoin After Fed Governor’s Speech

World Liberty Financial (WLFI), the Trump family’s decentralized finance project, has minted $205 million worth of its USD1 stablecoin, marking the largest issuance since April and pushing the token’s circulating supply to a record $2.4 billion.

The announcement, made on X on Thursday, comes just hours after Federal Reserve Governor Christopher Waller delivered a pro-stablecoin speech at a blockchain conference in Wyoming. Waller praised the role of stablecoins in global finance, calling them an important tool for strengthening the U.S. dollar’s international standing and improving cross-border payments.

USD1’s Rise in the Stablecoin Market

Launched in early April, USD1 has quickly climbed to become the sixth-largest stablecoin by market capitalization. The sector remains dominated by Tether (USDT) with a market share of 60% and Circle’s USDC at 24%.

World Liberty’s $205 million mint boosted the project’s treasury holdings to an all-time high of $548 million, according to blockchain analytics firm Nansen. USD1 now represents the project’s single largest holding at $212 million, accounting for 39% of its portfolio. Other notable assets include $85 million in Aave Ethereum USDT (AETHUSDT) and 19,650 ETH, also worth about $85 million.

Source: Nansen

Regulatory Tailwinds for Stablecoins

The timing of WLFI’s mint aligns with growing support from U.S. regulators. In his Wyoming address, Waller said stablecoins “have the potential to maintain and extend the role of the dollar internationally” and described the recently enacted GENIUS Act as a “key step” for the sector.

His remarks echoed comments by Securities and Exchange Commission Chair Paul Atkins, who earlier this week called the legislation a “seminal step” for Congress and the U.S. government in shaping the stablecoin market.

Expansion Plans on the Horizon

World Liberty has been steadily expanding its footprint since USD1’s debut. Earlier this month, reports suggested the project is considering creating a publicly traded company to hold its WLFI tokens, targeting a $1.5 billion fundraising round.

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