World Liberty Financial Inc., which is a decentralized finance company associated with the Trump family, is garnering significant interest from public corporations.
Zak Folkman, who is co-founder of the company, made such reports at Permissionless conference conducted at New York. He also rolled out the newly launched World Liberty Financial App at the same conference.
Folkman revealed that certain publicly traded companies are mulling placing the WLFI token among their treasury reserves. He praised Strategy executive chairman Michael Saylor for his leadership on corporate cryptocurrency reserves.
The plan has collected over $60 billion worth of Bitcoin, which helped put its market valuation at over $100 billion. Its success prompted other companies to adopt it and transfer their crypto assets into treasury management.
They are Semler Scientific Inc., Goodfood Market Corp., and Trump Media & Technology Group Corp., which are all on the lookout for crypto-holding strategies. Though many businesses are investing in Bitcoin, there are others diversifying their holdings and investing in other cryptocurrencies.
World Liberty’s USD1 Stablecoin nears two billion
For example, Upexi recently raised $100 million to purchase Solana tokens for its treasury. Similarly, Sharplink Inc. currently holds $425 million worth of Ether, the second-largest cryptocurrency by market value.
Folkman also discussed the potential of World Liberty’s USD1 stablecoin, which presently holds a market value near $2.1 billion. For contrast, Tether’s USDT stablecoin still leads at the top of the market with some $156.8 billion in circulation.
Folkman was positive that USD1 will next lead in market capitalization. He believes that overcoming early challenges was done by the company and thinks significant news will come over the next several months to spur such growth.
The growing investor interest in stablecoins comes amid the anticipated approval of the Genius Act in the United States. This legislation aims to provide clearer regulations for stablecoins, further encouraging their adoption among investors and institutions.
