Mentioned:
ALTS -1.27% COIN -7.09%
One of the most explosive stablecoin projects in crypto is preparing to debut on Coinbase next.
What’s happening:
- Coinbase (NASDAQ: COIN) has officially announced that World Liberty Financial’s USD1 stablecoin will soon be listed on Coinbase’s exchange
Why it matters:
- USD1 is one of the fastest growing stablecoins in the history of crypto and has quickly surged to a total market capitalization of more than $2B USD
Going deeper:
- World Liberty Financial has also been making major waves on Wall Street lately, which has been fuelled by ALT5 Sigma Corp (NASDAQ: ALTS) completing a $1.5B USD equity financing round to go all in on accumulating World Liberty Financial tokens to hold directly as an asset
- World Liberty Financial was co-founded by Eric Trump, Donald Trump Jr, Zach Witkoff, Zak Folkman and Chase Herro
The intrigue:
- Legendary Wall Street hedge fund manager Steve Cohen’s Point72 Asset Management was a notable investor in ALT5 Sigma Corp’s latest financing round, purchasing a 4.0% equity stake in the company
