The Trump family’s decentralized finance project, World Liberty Financial, recently minted $205 million worth of its stablecoin, USD1, following a supportive speech by Federal Reserve Governor Christopher Waller. This minting boosted the project's treasury holdings to a record $548 million and increased USD1's supply to $2.4 billion, marking its first significant increase since late April. Since its launch in early April, USD1 has become the sixth-largest stablecoin by market capitalization, significantly trailing leaders like Tether and USDC. Waller's address, which highlighted the potential of stablecoins to enhance the dollar's international role and improve payment systems, came just before the minting announcement. He referenced the GENIUS Act as crucial for the stablecoin market's growth. Following this announcement, World Liberty’s largest asset, USD1, now constitutes 39% of its total portfolio, complemented by investments like Ether and Aave Ethereum USDT. Additionally, plans to create a publicly traded company to hold WLFI tokens are underway, targeting $1.5 billion in fundraising.

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