In a matter of months since launch, new threshold reached for WLFI’s dollar-backed stablecoin
World Liberty Financial (“WLFI”) announced that its flagship digital dollar stablecoin USD1 has, for the first time, eclipsed $3 billion in circulating supply. According to Coinmarketcap.com, USD1 reached a peak supply of over $3.07 billion.
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“We launched USD1 because traditional institutions needed a crypto-native but trusted instrument to reap the power of DeFi, but we’ve seen extraordinary demand across the board,” said Zach Witkoff, Co-founder and CEO of World Liberty Financial. “In less than a year, USD1 has been adopted as the stablecoin of choice for pioneering enterprises everywhere. As we celebrate the holiday season, the World Liberty Financial team is proud to set new records –– and we’re just getting started.”
USD1 is a fully redeemable, 1:1 dollar-backed stablecoin supported by reserves held in U.S. treasury bills, cash deposits, and other cash equivalents.
World Liberty Financial (WLFI) is a pioneering decentralized finance (DeFi) protocol and governance platform dedicated to empowering individuals through transparent, accessible, and secure financial solutions. Inspired by the vision of President Donald J. Trump, WLFI seeks to democratize access to DeFi by creating user-friendly tools that bring the benefits of decentralized finance to a broader audience. WLFI plans to be at the forefront of DeFi, offering an intuitive, robust platform that empowers users to participate actively in the financial future.
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