World Liberty Financial Doubles USD1 Supply, Boosting Stablecoin Market Reach

World Liberty Financial, a decentralized finance (DeFi) platform associated with former President Donald Trump’s family, announced a significant increase in its USD1 stablecoin supply. The company minted $205 million worth of the stablecoin on Thursday, bringing total holdings to a record $2.4 billion, representing an impressive 10% of its circulating USD1 holdings. The move aligns with favorable regulatory developments for stablecoins and follows remarks from Federal Reserve Governor Christopher Waller who has publicly endorsed their potential in international payments and retail transactions.