World Liberty Financial Mints $205M USD1 Stablecoin Supply

World Liberty Financial (WLFI), a crypto venture associated with President Donald Trump's family, has minted $205 million worth of its stablecoin USD1, increasing the total supply to $2.4 billion and making it the sixth-largest stablecoin by market capitalization. This expansion boosted WLFI's treasury holdings to approximately $548 million, with USD1 comprising nearly 40% of the portfolio, and coincided with Federal Reserve Governor Christopher Waller's supportive remarks on stablecoins. WLFI is also launching initiatives such as the USD1 Points Program to reward users who drive adoption and is exploring the creation of a publicly traded company to hold WLFI tokens, targeting $1.5 billion in fundraising. Despite these positive developments, WLFI's treasury management firm, ALT5 Sigma, faces allegations of insider trading related to its involvement in a $1.5 billion funding round, which the firm has denied. The insider trading claims have attracted regulatory scrutiny and pose potential reputational risks to WLFI amid its efforts to expand USD1’s market presence. Overall, WLFI aims to grow its treasury base and increase USD1 adoption, while navigating ongoing regulatory challenges.