The Trump-linked firm is considering using $120 million from its treasury to boost USD1 stablecoin adoption and challenge larger rivals.
Trump family-backed World Liberty Financial has proposed using 5% of the project’s WLFI token treasury to grow the supply of its stablecoin USD1.
The proposal was posted to the World Liberty Financial governance forum on Wednesday, with the team highlighting the importance of increasing USD1 supply to keep up with “an increasingly competitive stablecoin landscape.”
The proposal outlines that the additional supply would help spread “USD1 use cases across select high-profile CeFi & DeFi partnerships,” with increased adoption helping to create more “value capture” opportunities in the WLFI ecosystem.
