$USDC US President Donald Trump-backed World Liberty Financial’s (WLFI) stablecoin is making its way to the tally of the biggest cryptos in the market. The dollar-pegged USD1 has exploded into the world’s 7th-largest stablecoin in just two months.

Launched back in March with a size of $3.5 million supply, USD1 has zoomed to a $2.2 billion market cap. The cumulative stablecoin market cap stands at $246 billion, with Tether’s USDT leading the charge.