Ah, the world of finance-where stablecoins are minted with all the subtlety of a peacock at a tea party. World Liberty Financial, in a move that could only be described as “extra,” has just minted over $200 million of its darling USD1 mere hours after Federal Reserve Governor Christopher Waller delivered a speech so glowing about stablecoins it might as well have been written by their PR team.
Yes, dear reader, $205 million of USD1 was conjured into existence like some modern-day alchemy, bringing the total circulation to a staggering $2.4 billion. This marks the first major leap since April-a fact they were quick to trumpet on X (formerly Twitter), because what’s the point of making money if you can’t brag about it?
🚨 We just minted $205,000,000 of USD1 for the WLFI Treasury 🚨
The fastest-growing stablecoin of all time continues to scale. Backed 1:1 by USD and U.S. Treasuries. Transparent. Reliable. Built for the future of global finance.
$USD1 ☝️| $WLFI 🦅
– WLFI (@worldlibertyfi) August 20, 2025
And oh, how it scales! Since its debut in early April, USD1 has catapulted itself to become the sixth-largest stablecoin by market value. Tether (USDT), the Goliath of this particular arena, still lords over the market with $167 billion in supply, while Circle’s USDC trails elegantly behind with $67.4 billion. But let us not forget: every giant was once a sapling-or in this case, a freshly minted coin.
Was this timing serendipitous? Or calculated down to the millisecond? One might suspect the latter, given Waller’s remarks at a blockchain conference in Wyoming. “I believe that stablecoins have the potential to maintain and extend the role of the dollar internationally,” he declared, clearly unaware that his words would send financial wizards scurrying to their keyboards faster than one can say “blockchain.” He even praised last month’s GENIUS Act, calling it an important step for payment stablecoins-a statement so optimistic it practically sparkles.
Treasury Holdings Reach New Heights (Or Depths, Depending on Your Perspective)
This recent minting spree has pushed World Liberty’s treasury holdings to an eye-watering $465 million, according to Arkham. USD1 now comprises 39% of the project’s portfolio, sitting pretty at $212 million. Earlier this month, whispers suggested World Liberty is flirting with the idea of going public, eyeing a $1.5 billion fundraising target. Ambitious? Certainly. Foolhardy? Time will tell.
So here we stand, watching USD1 scale the ranks of the stablecoin hierarchy with the grace of a debutante ascending a staircase. The Fed and SEC seem charmed enough-for now-but whether World Liberty can sustain this growth and foster trust remains the question du jour. After all, building trust in cryptocurrency is rather like trying to teach a cat to fetch: possible, but unlikely without significant bribery.
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2025-08-21 15:03