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USD1 Stablecoin Hits $5B In Market Cap
World Liberty Financial has enjoyed a rally for its USD1 stablecoin as supply surged past $5B, with plans to expand liquidity via fx and remittance.
World Liberty Financial is continuing to grow its USD1 stablecoin use-cases and market presence, both domestically and internationally (Yarenci Hdz / Unsplash)
USD1 stablecoin has reached $5B in market cap.
The american stablecoin issued and managed by World Liberty Financial has broken through the mid 7 figure hurdle and takes 5th place in the stablecoin list after Ethena.
According to CoinGecko, the official number hit $5.2B as the team threw on an institutional event called the World Liberty Forum for merging crypto with traditional finance.
Their X channel announced keynote and panel speakers in the weeks leading up to this, including the CEO of Goldman Sachs David Solomon, as well as latest exchange rewards.
Co-founder Zak Folkman also discussed plans to grow the demand for USD1 by offering cross-border solutions remittance and vendor payment solutions, as well as tapping the global FX market - one of the largest use-cases for stablecoins.
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