“Thanks to the team, support, and overall enthusiasm of the blockchain community, I definitely see USD1 becoming the most widely used stablecoin in the world by 2028,” he said.
Registered in July, Blockstreet positions itself as the “launchpad” for the token. The company is driving adoption of the stablecoin developed by the Trump family–backed DeFi platform World Liberty Financial across crypto and traditional markets.
Another Blockstreet co-founder, Matthew Morgan, is an advisor to World Liberty and serves as Chief Investment Officer at ALT5 Sigma Corporation. In August, the financial firm announced the creation of a $1.5 billion treasury in WLFI governance tokens from Trump’s project. World Liberty co-founder Zach Vickoff chairs the company’s board of directors.
USD1 debuted in April and has already reached a market cap of around $2.7 billion, ranking sixth among stablecoins.
A large portion of this figure is backed by an investment deal with UAE sovereign wealth fund MGX, which used the asset to invest $2 billion into Binance.
“Many people around the world speak incredibly highly of the current [U.S.] administration. They are very inspired by what World Liberty is trying to achieve with USD1. The first thing many ask is: ‘How can we help?’” Klemmer said.
According to him, the stablecoin is attracting strong interest from “governments, sovereign funds, and institutions.”
The current stablecoin market stands at nearly $287 billion. USDT from Tether dominates with $168 billion in supply, while USDC from Circle holds $71.5 billion. Together, the two tokens account for about 83% of the sector’s total capitalization. A July report from Standard Chartered projected stablecoins could grow to $750 billion by the end of 2026.
JPMorgan, however, considers such forecasts overly optimistic. The bank’s strategists expect stablecoin capitalization to reach $500 billion by 2028. Critics of Trump have repeatedly raised concerns about potential conflicts of interest and alleged corruption linked to his involvement in crypto projects such as the TRUMP meme token and USD1.
Earlier, FORECK.INFO reported on “Trump Token WLFI: Hype or Stablecoin Revolution?” — exploring how politics, stablecoins, and a multi-billion-dollar token launch shaped the backdrop for the Trump-linked project World Liberty Financial (WLFI).