World Liberty Financial, the Trump family-backed DeFi project, minted $205 million worth of its USD1 stablecoin just hours after a speech by Federal Reserve Governor Christopher Waller endorsing stablecoins. The new mint boosted USD1’s circulating supply to $2.4 billion, its first major expansion since April.
Launched in early 2025, USD1 has quickly risen to become the sixth-largest stablecoin globally, trailing only Tether’s $167 billion USDT and Circle’s $67.4 billion USDC. Waller, speaking at a blockchain conference in Wyoming, said stablecoins could extend the dollar’s international role and improve payments. He also praised the recently passed GENIUS Act as a crucial step for stablecoin regulation.
The USD1 mint increased WLFI’s treasury to $548 million, with USD1 representing its largest single holding at $212 million. Other major assets include 19,650 ETH and $85 million in Aave’s Ethereum USDT. The move reflects both WLFI’s growth and the momentum behind pro-stablecoin policies in the U.S.
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