Trump family’s USD1 tops US$5bn in market cap…enters top five stablecoins
Summary
- World Liberty Financial’s dollar stablecoin USD1 surpassed US$5 billion in market capitalization, placing it in the top five by stablecoin market cap.
- It said USD1’s 24-hour trading volume rose about 45% day on day to US$1.9 billion.
- It said World Liberty Financial applied to the U.S. Office of the Comptroller of the Currency (OCC) for a bank charter and is pushing ahead with the World Liberty Forum.
Forecast Trend Report by Period
World Liberty Financial (WLFI)’s dollar stablecoin USD1 has surpassed US$5 billion in market capitalization.
According to CoinMarketCap on the 29th (local time), USD1’s market cap stood at US$5.02 billion, up 1.22% from the previous day as of that date. That level puts it in the top five by stablecoin market cap. Its 24-hour trading volume rose about 45% from the prior day to US$1.9 billion.
USD1 is a dollar stablecoin launched by World Liberty Financial in the first half of last year. World Liberty Financial is a crypto project tied to U.S. President Donald Trump’s family.
World Liberty Financial has also recently been pursuing a banking business. Earlier this month, it applied to the U.S. Office of the Comptroller of the Currency (OCC) for a bank charter.
In mid-next month, World Liberty Financial will also hold the “World Liberty Forum” at Mar-a-Lago, President Trump’s residence in Florida. Attendees include Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), and David Solomon, CEO of Goldman Sachs.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul