The decentralized financial project of the Trump family, World Liberty Financial, struck more than $ 200 million in its stable hours after a speech by the Governor of the Federal Reserve Christopher Waller, praising Stablecoins.
World Liberty announced Thursday that it had struck $ 205 million in the stablecoin of the Platform, USD, for its treasure, increasing its offer to a record summit of $ 2.4 billion in the first significant increase in the token since the end of April.
Since its launch in early April, Trump’s stablecoin supported by the family has become the sixth in the world in terms of market capitalization, led by Tether of $ 167 billion, Tether (USDT) with a market share of 60%, followed by $ 67.4 billion from Circle Internet Group (USDC) with a share of 24%.
Nourished governor, president of the dry, bullish on the stablecoins
USD1 mint intervened just a few hours after the Fed Waller made a pro-Crypto speech that specifically praised stablecoins.
“I believe that stablecoins have the potential to maintain and extend the role of the dollar internationally,” Waller said at a blockchain conference in Wyoming.
“Stablecoins also have the potential to improve retail and cross-border payments,” he added.
Waller said that the engineering law regulating stablescoing signed last month was “an important step for the Payment Stablescoin market and could help Stablecoins reach their full potential”.
He echoed the comments of the President of Securities and Exchange Commission Paul Atkins, who declared on August 19 that the bill was a “fundamental stage for the Congress and the US government”.
WLFI Treasury Holding High High
The recent Mint USD1 stimulated the WLFI Treasury Holdings to a record of $ 548 million, according to Nansen.
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Stablecoin is now the largest cryptography in World Liberty at $ 212 million and 39% of its total portfolio. Aave Ethereum USDT (Aethusdt) is the next largest investment in the project at 85 million dollars, as well as an equal value of Ether (ETH), because the project holds 19,650 ETH.
Earlier this month, it was reported that World Liberty Financial explored the creation of a listed company to hold its WLFI tokens, with a fundraising target of approximately 1.5 billion dollars.
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