Trump-supported USD1 aiming to surpass Tether and USDC as the leading stablecoin by 2028, according to Blockstreet predictions.

In the ever-evolving world of cryptocurrencies, a new player is making waves – the USD1 stablecoin, backed by the Trump family's 40% stake in World Liberty Financial (WLF). This digital currency, set to begin trading for the general public on Monday, has already garnered a market value of $2.5 billion according to CoinGecko.

Analysts are bullish on the stablecoin sector, with JPMorgan predicting its growth to reach $500 billion by 2028. Bernstein, on the other hand, foresees an even more significant expansion, with the stablecoin market reaching $2.8 trillion in the next five years.

Kyle Klemmer, co-founder of Blockstreet and advisor to World Liberty, believes that USD1 will become the most dominant stablecoin in the world by 2028. He also stated that USD1 will continue to be the fastest-climbing stablecoin of all time, surpassing Tether, until it reaches this milestone.

USD1 has already been adopted by some major exchanges, including Coinbase and Binance. Blockstreet, a company creating a complementary ecosystem for USD1, is working towards integrating this stablecoin into both crypto and traditional markets.

The Trump family's strategic partnerships, such as the $2 billion investment from Abu Dhabi-based MGX in Binance, are aimed at facilitating USD1's integration into the traditional financial markets. Other partnerships span Binance, Coinbase, KuCoin, HTX, PancakeSwap, and JustLend.

Regulatory momentum supporting USD1's adoption is also evident. Federal Reserve officials and Wyoming's blockchain initiatives have endorsed the stablecoin, providing a solid foundation for its growth. However, U.S. Senator Elizabeth Warren has criticized the setup of USD1 as "shady."

Recently, World Liberty Financial unveiled a crypto treasury strategy centred around their governance token, the WLFI. This token, previously limited to accredited investors, will also become tradable on Monday. Some analysts have warned of potential losses for retail investors due to the high fully-diluted value of the WLFI governance token.

Klemmer acknowledged some "very lofty goals" that the team behind World Liberty has for USD1. He also mentioned that Blockstreet is still waiting on a clear game plan for USD1's rollout. Despite this, the anticipation for USD1's future remains high, as it continues to make its mark in the cryptocurrency landscape.