The Trump family’s decentralized finance venture, World Liberty Financial or WLFI, has minted over $200 million worth of its USD1 stablecoin, hours after a supportive speech from Federal Reserve Governor Christopher Waller. The move pushed USD1’s total supply to $2.4 billion, marking its first major expansion since April. In a post on X Thursday, World Liberty announced the $205 million mint for its treasury, describing it as a milestone moment for the project. Launched in early April, the Trump-backed stablecoin has quickly climbed to become the sixth-largest globally, trailing behind giants like Tether, which commands a $167 billion market cap, and Circle’s $67.4 billion USDC. Fed and SEC Officials Signal Strong Support The timing of WLFI’s mint followed closely after Waller’s remarks at the Wyoming Blockchain Symposium, where he openly endorsed stablecoins as a tool to strengthen the dollar’s global role. “I believe that stablecoins have the potential to maintain and extend the role of the dollar internationally,” Waller said. He also argued they could streamline retail and cross-border payments. His comments mirrored those of Securities and Exchange Commission Chair Paul Atkins, who described last month’s GENIUS Act — a new regulatory framework for stablecoins — as a “seminal step for the US Congress and government.” Both regulators’ remarks were seen as significant endorsements of stablecoins’ place in the financial system. WLFI Treasury at All-Time High The USD1 mint also increased WLFI’s treasury holdings to a record $548 million, according to blockchain analytics firm Nansen. Stablecoins now form the largest share of the project’s portfolio, with USD1 accounting for $212 million, or 39% of its assets. Alongside USD1, WLFI’s major positions include $85 million in Aave Ethereum USDT (AETHUSDT) and 19,650 Ether worth a similar amount. The diversification suggests the project is balancing between stable income and exposure to Ethereum’s growth. Earlier this month, reports surfaced that WLFI is considering the creation of a publicly traded entity to house its tokens, with a fundraising goal of $1.5 billion. Such a move could provide greater institutional access and cement USD1’s role in the stablecoin race . The post Trump-Backed WLFI Mints $205M in USD1 Stablecoin After Fed Praise appeared first on TheCoinrise.com .
