World Liberty Financial (WLFI), the crypto project affiliated with US President Donald Trump, has minted approximately 10% of its USD1 stablecoin supply, totaling $205 million, for its Treasury.
In an April 20 statement on X, WLFI pointed out that the stablecoin is one of the fastest-growing in the market, noting that the asset is “backed 1:1 by USD and US Treasuries.”
Although WLFI did not specify the blockchain used for this minting, DeFiLlama data indicates the transaction occurred on Ethereum.
Meanwhile, this mint brought the total USD1 supply to $2.4 billion, positioning it as the sixth-largest stablecoin by market capitalization. The breakdown of its issuance includes $2.1 billion on BNB Chain, $293 million on Ethereum, and $25 million on Tron, per DeFiLlama data.
According to Arkham Intelligence data, WLFI’s treasury now holds over $464.8 million in various digital assets. The portfolio is dominated by $212.6 million in USD1, followed by $85.44 million in AETHUSDT.
Other significant holdings include $33.85 million in AETHWETH, $32.8 million in USDC, and $21.46 million in AETHWSTETH, alongside smaller positions in AETHWBTC, Tron, Mantle, U, and WhiteRock.
Boosting USD1’s adoption
The recent minting coincides with the launch of WLFI’s USD1 Points Program, designed to reward users who help drive adoption across exchanges.
The project explained that while stablecoins are essential for trading, payments, and DeFi activity, “users rarely see direct rewards for driving adoption.”
By introducing the Points Program, WLFI aims to compensate those contributing to the stablecoin’s growth directly.
Notably, this initiative follows WLFI’s earlier distribution of $47 worth of USD1 to wallets that participated in its token sale.
These initiatives are expected to increase market adoption of USD1.
Notably, USD1 has already seen adoption in institutional transactions, including the settlement of a $2 billion investment in Binance. The stablecoin also played a role in settling proceeds for Bullish Exchange’s IPO, highlighting its growing utility among major market participants.
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