Trump-backed Stablecoin WLFI Raises $205 Million, Following Fed’s Support

World Liberty Financial (WLFI), a decentralized finance venture backed by Donald Trump, has minted over $200 million worth of its USD1 stablecoin. This move follows a supportive speech from Federal Reserve Governor Christopher Waller at the Wyoming Blockchain Symposium, where he highlighted stablecoins’ potential to strengthen the dollar globally. The mint adds a significant boost to WLFI’s existing supply and brings its total value up to $2.4 billion – marking its first major expansion since April.