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Trump-Backed World Liberty Financial Mints $205M in USD1 Stablecoin, Total Supply Hits $2.4B
Trump-Backed World Liberty Financial Mints $205M in USD1 Stablecoin, Total Supply Hits $2.4B
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BTCCSquare news:
World Liberty Financial, the DeFi initiative linked to the TRUMP family, has minted $205 million of its USD1 stablecoin—a 9% supply increase that elevates its market capitalization to $2.4 billion. The move follows Federal Reserve Governor Christopher Waller's endorsement of stablecoins as transformative for global payments during a Wyoming blockchain conference.
USD1 now ranks as the sixth-largest stablecoin by market cap. World Liberty's treasury holdings reached $548 million, with USD1 constituting its Core asset. The minting marks the first major supply expansion since April, signaling aggressive growth ambitions in a sector gaining institutional validation.
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