World Liberty Financial Mints $205 Million of USD1 Stablecoin Following Fed Governor’s Endorsement

World Liberty Financial has injected $205 million of its USD1 stablecoin into circulation, marking a 9% supply increase just hours after Federal Reserve Governor Christopher Waller praised the role of stablecoins in dollar hegemony. The minting event lifts USD1's total supply to $2.4 billion, cementing its position as the sixth-largest stablecoin by market value.

The MOVE appears strategically timed with Waller's Wyoming blockchain conference remarks, where he emphasized stablecoins' potential to "maintain and extend the dollar's international role" and improve cross-border payments. The Fed governor specifically cited last month's GENIUS Act as legislative tailwinds for the sector.

USD1's growth trajectory remains steep since its April launch, with the project touting 1:1 USD and Treasury backing. Tether (USDT) and Circle's USDC continue dominating the $278 billion stablecoin market with 60% and 24% shares respectively.