Trump’s Project Hits Gold: $200M Minting Madness After Waller’s Speech!

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In a land where dreams and dollars dance together, the Trump family has trotted out their latest venture-World Liberty Financial. And wouldn’t you know it? They’ve minted over $200 million worth of their precious stablecoin, USD1, barely a heartbeat after the illustrious Federal Reserve Governor Christopher Waller decided to do a little soft-shoe shuffle for stablecoins during his speech. 💃

On that fateful Thursday, World Liberty took to the digital stage on X, announcing the grand minting of $205 million. This little caper sent the supply of USD1 soaring to a jaw-dropping $2.4 billion, the first meaningful leap since that gripping episode back in late April. Talk about a comeback! 🎉

Since their debut back in early April, this Trump-ish stablecoin has clawed its way to become the sixth-largest in the vast, unpredictable ocean of market capitalization. Tether leads the pack, sitting on a fat $167 billion throne, while Circle Internet Group’s USDC trails behind with a cute $67.4 billion. It’s the financial equivalent of a high school cafeteria-everyone wants to sit at the popular table! 🥳

Fed Governor, SEC Chair Singing the Stablecoin Blues

Now, let’s not forget good ol’ Governor Waller, who delivered his pro-crypto serenade just hours prior to USD1’s minting extravaganza. Balancing on the tightrope of optimism, he prophesized, “Stablecoins can maintain and expand the dollar’s role internationally.” Now that’s a bold claim to make while fresh off the blockchain! 🌍

He wasn’t done there; Waller tossed in a few more platitudes about how stablecoins could jazz up retail and cross-border payments. Because who wouldn’t want their money to travel more efficiently? “Commonsensy is key!” he quipped, sporting a grin. 😏

In his encore, Waller heralded the recent passage of the GENIUS Act, claiming it as a monumental step for smooth sailing in the stablecoin seas-a declaration echoed by SEC Chair Paul Atkins, who declared the bill “seminal.” Now there’s an inspirational term for ya! 🥇

WLFI Treasury Shatters Records

The minting of USD1 has bulked up the WLFI treasury to a record high of $548 million, according to the crystal ball known as Nansen. Now USD1 is the heavyweight champ of the World Liberty crypto arena, strutting around at a marvelous $212 million, which is a whopping 39% of their total portfolio. Aave Ethereum USDT is the runner-up at a humble $85 million, with an equal stake in Ether, flaunting their 19,650 ETH stash like it’s the crown jewels. 💰

Earlier this month, there were whispers that the good folks at World Liberty Financial were toying with the idea of creating a publicly traded company to house their WLFI tokens, with a fundraising goal that’d make Midas jealous-approximately $1.5 billion. They say dreams are worth chasing, but this one might need a bit of magic! 🪄

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2025-08-21 09:32