World Liberty Financial (WLFI), the crypto project that is affiliated with US President Donald Trump, has beaten around 10% of his USD1 Stablecoin Supply, a total of $ 205 million, for his treasury.
In a statement of 20 April on X, WLFI pointed out that the Stablecoin is one of the fastest growing in the market, and notes that it is actively “supported 1: 1 by USD and American treasury.”
Although WLFI did not give up the blockchain that was used for this mining, Defillama facts Indicates that the transaction has taken place on Ethereum.
In the meantime, this currency brought the total USD1 offer to $ 2.4 billion, and positioned it as the sixth largest stablecoin through market capitalization. The breakdown of the issue comprises $ 2.1 billion on BNB chain, $ 293 million on Ethereum and $ 25 million on Tron, by Defillama data.
According to Arkham Intelligence factsWLFI’s treasure chest now has more than $ 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 important interests are $ 33.85 million in Aethweth, $ 32.8 million in USDC and $ 21.46 million in Aethwsteth, in addition to smaller positions in Aethwbtc, Tron, Mantle, U and Whiterock.
Stimulate the adoption of USD1
The recent mining coincides with the launch of the USD1 Points program from WLFI, designed to reward users who help stimulate adoption in trade fairs.
The project explained that although Stablecoins are essential for trade, payments and Defi activities, “users rarely see direct rewards for stimulating adoption.”
By introducing the points program, WLFI wants to compensate those who contribute to the growth of the Stablecoin directly.
It is remarkable that this initiative follows the earlier distribution of WLFI of $ 47 on USD1 to portfolios who participated in the token sale.
These initiatives are expected to increase the market assumption of USD1.
In particular, USD1 has already been approved in institutional transactions, including the settlement of an investment of $ 2 billion in Binance. The Stablecoin also played a role in arranging yields for the IPO of Bullish Exchange, which emphasizes the growing usefulness of large market participants.
