World Liberty Financial Inc., a decentralized financial platform linked to the Trump family, has attracted great interest from public companies seeking to use tokens as financial assets, according to co-founder Zak Folkman.
Speaking at the permitted Crypto Conference held in New York on Wednesday, June 25th, Folkman also announced the launch of the New World Liberty Financial app.
Folkman expects USD1 to be the largest stubcoin by market capitalization
Michael Saylor has been popular with Cryptocurrency companies since the success of the strategy. The company has over $60 billion in Bitcoin on its balance sheet, and its market capitalization has skyrocketed to more than $100 billion.
Falkman pointed out that several companies praised Michael Saylor and his achievements. This is especially true for his strategy and promotions for companies that maintain crypto-preparation.
Goodfood Market Corp., Semler Scientific Inc., and Trump Media & Technology Group Corp. are companies that have revealed plans or launched their own efforts to retain cryptocurrency.
Meanwhile, companies are modifying their strategy playbooks by using alternative tokens instead of Bitcoin when implementing plans.
For example, Upexi maintained the Treasury Department by raising $100 million to buy the Solana Token last week, while Sharplink Inc. owns Ether, the second largest cryptocurrency worth $425 million.
The Folkman also weighed the future potential of the USD1 stubcoin of World Freedom, valued at around $2.1 billion. In particular, the largest stub coin is USDT from Tether, which has a circulation of around $156.8 billion.
Based on Folkman’s speculation, they are tackling the challenges the company encounters, and now it’s only a matter of time before USD1 becomes the biggest stubcoin by market capitalization.
He also expected that everyone would come to this conclusion when he witnessed some developments in the coming months.
Assets imposed in digital dollars have become even more attractive to investors as they are set to pass on to the law by the Genesis Act, one of the US’s leading stubcoin laws.
Fintech companies are adopting growth trends to launch Stablecoins
Apart from public companies that are interested in Stablecoins, Fintech companies are taking this trend and aiming to follow the World Liberty Financial’s lead in launching Stablecoins.
Fear As crypto moves towards the mainstream, it has announced it is planning to release Stablecoin amid growing interest in tokens from US companies.
The announcement said after the US Senate passed the milestone stability coin bill, analysts said it could represent a turning point in crypto surveillance debate and breakthroughs for sectors that fell into regulatory scope for years.
Fintech Company said FiusD, a Stablecoin, will be embedded in existing banks and payment platforms by the end of the year. The company added that FIUSD will use the Stablecoin infrastructure provided by Paxos and Circle Internet.
Shares in Circle, the issuer of second-largest Stablecoin, rose 15%, while Fiserv and PayPal rose 2.3% and 1.7% respectively.
Stubcoins are tied to currencies such as the US dollar and are intended to maintain consistent value from the reserves held. Once a niche corner in Crypto, they have become more popular due to their ability to protect against price fluctuations.
Fintech companies and traditional banks use stubcoins more frequently to facilitate cross-border payments, speed up transactions and expand access to digital finance.
Analysts at TD Cowen said they view the central role between banks and merchants as a sign of innovation and utilization skills to quickly innovate and connect old and new payment systems.
