Coinbase announced that it will list USD1, World Liberty Financial’s stablecoin. Yesterday, the firm minted over $200 million USD1 tokens, creating ample supply for new customers.
As the GENIUS Act was signed into law, President Trump sees a key policy role for stablecoins in increasing global dollar dominance, and USD1’s growing integration is contributing.
Coinbase’s USD1 ListingUSD1 is a growing component of President Trump’s crypto empire. In just four months of launch, the stablecoin has a market cap of more than $2.4 billion. For comparison, Ripple’s more popular stablecoin, RLUSD, only has a market cap of around $660 million, even though it was launched earlier.
It’s safe to say that the Trump family’s involvement in the project has boosted its growth. Although Trump’s involvement with private enterprise has earned a lot of pushback, issuer World Liberty Financial keeps growing.
Today, Coinbase announced that it would add USD1 to its Listing Roadmap.
Assets added to the roadmap today: World Liberty Financial USD (USD1)https://t.co/rRB9d3hSr2
— Coinbase Assets