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The promoter USD1 predicted the dominance of stablecoin by 2028.
By the end of the second term of US President Donald Trump, USD1 will become the leading stablecoin, surpassing USDT and USDC in market capitalization. This was stated in an interview with Decrypt by Blockstreet co-founder Kyle Klemmer.
Founded in July, Blockstreet positions itself as a "launchpad" for the coin. The firm is implementing a stablecoin from the Trump family-controlled DeFi platform World Liberty Financial in the cryptocurrency and traditional markets.
Another co-founder of Blockstreet, Matthew Morgan, is a consultant for World Liberty and serves as the investment director of ALT5 Sigma Corporation. In August, this financial company announced the creation of a treasury worth $1.5 billion in governance tokens WLFI of the Trump project. The co-founder of the latter, Zach Vitkoff, is the chairman of the board of the firm.
USD1 debuted in April and has already reached a market capitalization of ~$2.7 billion, ranking sixth in the segment.#Gate Initial Listing WLFI #Will Crypto Market Break Out in September? #Are You Bullish or Bearish Today? #USD1