Coinbase said on Thursday that World Liberty Financial's stablecoin, USD1, has been added to the company's "roadmap" — meaning the token linked to President Donald Trump could soon be listed by the crypto exchange.
"The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met," Coinbase said on social media and a blog post.
Although the token has yet to be listed, its potential listing has to be welcome news to World Liberty and its leadership, which have recently been publicly promoting the stablecoin and exalting its launch.
"We just minted $205,000,000 of USD1 for the WLFI Treasury," the DeFi project posted to X on Wednesday. "The fastest-growing stablecoin of all time continues to scale."
World Liberty is famous for its ties to the president and his family. The DeFi project is billed as being inspired by Donald Trump and has been promoted continuously by his two sons, Donald Trump Jr. and Eric Trump.
With the added $205 million minted this week, USD1's total supply has risen to $2.4 billion. The vast majority of the supply came from the Abu Dhabi investment firm MGX, using USD1 to close a $2 billion deal with top crypto exchange Binance.
Stablecoins are seen as a massive area for growth within the digital assets sector. Goldman Sachs said on Wednesday that the stablecoin market could reach trillions of dollars.
World Liberty has a plan to reward users for trading USD1 pairs on partner exchanges, holding USD1 balances, staking USD1 for yield, using it in approved DeFi protocols, and interacting with the WLFI mobile app, the project said earlier this month.
Trump has been criticized for his connection to the World Liberty project. His administration helped push legislation through Congress that brought clarity to the use of stablecoins in the U.S.
