In brief
- Blockstreet is creating a complimentary ecosystem for USD1, the Trump-backed stablecoin.
- Co-founder Kyle Klemmer believes that it will outmatch all other stablecoins by 2028.
- World Liberty Financial’s WLFI governance token becomes tradable on Monday.
By the time U.S. President Donald Trump’s second term is over, USD1 will have become the world’s most dominant stablecoin, according to Blockstreet co-founder Kyle Klemmer.
“With the team, the backing, and just the overall excitement that the blockchain community has, I can certainly see USD1 being the most widely adopted stablecoin in the world by 2028,” he told Decrypt in a recent interview. “USDC is the first target.”
Blockstreet’s stated mission as a “USD1-native launchpad” is to amplify World Liberty Financial’s vision, and the firm has been tasked with integrating the stablecoin from the Trump family’s crypto venture into crypto and traditional markets. The little-known firm, which debuted in mid-July, is also “helping bank the unbanked,” Klemmer added.
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Author: André Beganski
