WLFI Mints $205 Million USD1 Stablecoin, Boosting Market Capitalization

World Liberty Financial (WLFI) recently minted a substantial amount of USD1 stablecoin, injecting $205 million into the circulating supply. This action significantly boosted USD1’s market capitalization, placing it as the sixth largest stablecoin. 10% of this new supply was contributed by WLFI, which benefits from favorable regulatory signals from the Federal Reserve. Notably, these positive signals are coinciding with recent legislative developments such as the GENIUS Act. This move underscores continued support for stablecoins and potential growth in their integration into traditional finance.