The market value of Trump’s stablecoin approaches $2.4 billion after issuing coins worth $205 million. Did it get stimulated by the statements of Federal Reserve officials after Waller's remarks, and the issuance of USD1 (USD1-USD1) coins by World Liberty Financial worth $205 million? The market value of Trump’s stablecoin rises to $2.4 billion, advancing to the 6th rank globally.

The Trump family’s stablecoin project and World Liberty Financial achieved a new milestone after issuing $205 million worth of USD1 coins for its treasury yesterday, which raised its circulating supply to $2.4 billion.

This significant increase - the first since April - comes just hours after Federal Reserve Governor Christopher Waller’s speech, in which he expressed support for stablecoins, raising speculation about whether the central bank’s signals are driving the growth of private cryptocurrencies.

The rise in the market value of Trump’s stablecoin follows Waller's speech in support of digital currencies$BTC #CryptoRally