World Liberty Financial has recently minted more than $200 million of its stablecoin, USD1, just hours after a speech by Federal Reserve Governor Christopher Waller praising stablecoins.
The project confirmed the mint on X, saying $205 million of USD1 was added to its treasury. The new supply lifted circulation to $2.4 billion, marking the first major increase since April.
The supply of USD1 has quickly grown since its launch in early April. It is now the sixth-largest stablecoin by market value. Tether (USDT) leads the market with $167 billion in supply, holding a 60% share while Circle’s USDC follows with $67.4 billion and a 24% share.
The timing linked the mint to Waller’s remarks. “I believe that stablecoins have the potential to maintain and extend the role of the dollar internationally,” he said in a blockchain conference in Wyoming. “Stablecoins also have the potential to improve retail and cross-border payments.”
Waller noted that the GENIUS Act, signed last month, was “an important step for the payment stablecoin market and could help stablecoins reach their full potential.”
Treasury Holdings Hit Record High
The mint pushed World Liberty’s treasury holdings to a record $465 million, according to Arkham. USD1 is now the project’s largest position at $212 million, making up 39% of its portfolio.
Earlier this month, reports said World Liberty was exploring a publicly traded company to hold WLFI tokens, with a $1.5 billion fundraising target.
This recent mint shows how USD1 is scaling quickly in the stablecoin market. Policy support from the Fed and SEC adds momentum. But the key question is whether World Liberty can maintain growth and build long-term trust in its token.
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