Unstable coin price

Bitwise Investments co-founder and CEO Hunter Horsley, who earlier served as product manager at Facebook, thinks President Donald Trump's GENIUS Act will usher in a stablecoin boom similar to how the iPhone launch led to a mobile application boom. Bitwise is a prominent crypto asset management firm that issues exchange-traded funds (ETFs) linked to cryptocurrencies like Bitcoin and Ethereum. Horsley recently wrote on X that every business rolled out a mobile app within a few years of the iPhone launch. Similarly, the GENIUS Act, which regulates stablecoins, will lead to every e-commerce, financial services, banking, and payments company launching their own stablecoins within 24 months. After the iPhone launch, within just a few years, every business had a mobile app / mobile app strategy. After the Genius act, every ecomm/ finserv/ bank/ payments company is going to have stablecoins in their products/ operation within 24 months. It's going to happen quickly.— Hunter Horsley (@HHorsley) July 25, 2025 A stablecoin is a type of cryptocurrency that attempts to stabilize its value, unlike traditionally volatile cryptocurrencies such as Bitcoin, by being pegged to a traditional currency like the U.S. dollar or a commodity like gold. Join the discussion with Scott Melker on Roundtable here. It was on July 18 that President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. It is the first major crypto legislation to become a law in the U.S. In a strategic shift toward containing global de-dollarization efforts, the legislation deals with only U.S. dollar-pegged stablecoins. Wall Street giants mull entering stablecoin market As per DeFiLlama, the total stablecoin market capitalization is more than $266 billion at the time of writing. Source: DeFiLlama With Tether's USDT and Circle's (NYSE: CRCL) USDC occupying more than 85% of the market share, Trump-backed World Liberty Financial's USD1, PayPal's PYUSD, and Ripple's RLUSD are the other prominent players in the segment. JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), and France's Societe Generale (EPA: GLE) are among the leading giants that are also contemplating launching USD-pegged stablecoins. In fact, Ripple CEO Brad Garlinghouse recently said many people think the market will reach $1 trillion-$2 trillion in a handful of years. Clearly, we can anticipate far more competition in the stablecoin market soon.

Falcon Finance has landed a $10 million strategic investment from World Liberty Financial (WLFI), a decentralized finance project backed by the Trump family. Key Takeaways: Falcon Finance secured a $10M investment from Trump-linked WLFI to expand its stablecoin infrastructure. The firm’s USDf stablecoin uses a multi-asset, risk-adjusted overcollateralization model. New funding will support cross-chain integrations and conversions between USDf and WLFI’s USD1 stablecoin. The deal marks the first major outside funding for Falcon’s stablecoin initiative, aimed at expanding cross-chain compatibility and liquidity across synthetic dollar systems, the project said in a Wednesday press release. At the core of Falcon’s operations is USDf, a synthetic dollar protocol with a $1.175 billion market cap, according to CoinGecko. USDf Backed by Multi-Asset Overcollateralization USDf is collateralized using a risk-adjusted, overcollateralization model that supports multiple asset types. The new funds will help Falcon develop technical infrastructure that bridges its synthetic stablecoin with WLFI’s fiat-backed USD1, a 1:1 redeemable stablecoin supported by U.S. money market funds and dollar deposits. USD1 currently boasts a $2.19 billion market cap. Falcon said it will use the investment to build smart contract modules that enable seamless conversions between USDf and USD1, along with integrations across multiple chains. The move could position both stablecoins to compete more directly with USDT and USDC by offering broader liquidity and more institutional appeal. “We are excited to collaborate with WLFI to redefine digital dollar solutions,” said Falcon Finance Managing Partner Andrei Grachev. “This investment validates our approach to creating more efficient on-chain dollar instruments for institutional users.” Falcon Finance was incubated by DWF Labs, a controversial investment firm co-founded by Grachev. The USDf stablecoin was launched in February and remains tightly linked to DWF Labs’ capital and operations. Falcon Finance raised $10M strategic investment from @worldlibertyfi, the team behind the world’s fastest growing fiat-backed stablecoin, USD1. USD1 is already accepted as collateral on Falcon. Together, we’re building a new onchain dollar standard. Full story:… pic.twitter.com/bj2UPGQO1J— Falcon Finance (@FalconStable) July 30, 2025 DWF, founded by former executives of high-frequency trading firm Digital Wave Finance, has attracted attention for its aggressive investments and market-making practices across Asia and the Middle East. Despite its growing footprint, DWF Labs has faced criticism over its opaque structure and regulatory status. The firm is not licensed in most jurisdictions and conducts operations through entities in the British Virgin Islands and Singapore. Its founding partner Eugene Ng was dismissed in 2024 following allegations of misconduct. Trump’s Crypto Holdings Make Up Key Portion of His Fortune Trump’s crypto-linked holdings are also a substantial part of his personal wealth. Bloomberg’s Billionaires Index estimates that TMTG stock represents $2.2 billion of Trump’s $6.6 billion fortune. His broader cryptocurrency investments are believed to have gained at least $620 million in recent months. However, the move is raising concerns among some industry figures. Nick Carter, general partner at Castle Island Ventures and a Trump supporter, said the overlap between Trump’s political influence and his financial exposure to crypto markets could create a conflict of interest. “It’s always a headache to have businesses with conflicting interests,” he told Bloomberg. As reported, nearly 70 nominees and officials in the Trump administration reportedly hold crypto or investments in blockchain companies, with holdings ranging from modest sums to over $120 million. The group includes Vice President JD Vance and seven Cabinet members or nominees, who collectively disclosed at least $2 million in crypto assets. Critics warn that this creates potential conflicts of interest and normalizes risky crypto investments among public servants.

World Liberty Financial (WLFI), the DeFi initiative tied to President Donald Trump, has made substantial investments of over $11 million into Ethereum and a new stablecoin project this week. These moves reflect WLFI’s growing ambition to build out core blockchain infrastructure and deepen its presence across the digital asset ecosystem. Falcon Finance On July 30, WLFI announced that it invested $10 million in Falcon Finance, a synthetic stablecoin protocol. According to the statement, the capital will be used to develop Falcon’s multi-chain interoperability, improve smart contract modules, and support liquidity-sharing mechanisms between Falcon’s USDf and World Liberty Financial’s USD1 stablecoin. Notably, USD1 is also being used as collateral within Falcon’s protocol. Falcon’s USDf stablecoin recently crossed $1 billion in circulating supply, spotlighting rising demand for decentralized dollar-pegged assets. Unlike traditional stablecoins, USDf operates through an overcollateralization model that adjusts for real-time risk. This allows it to accept a variety of digital assets as collateral while maintaining price stability. Meanwhile, USD1 complements USDf by serving as a fiat-redeemable asset. It’s backed by a reserve of US dollar deposits, government money market funds, and other short-term cash equivalents, offering an additional layer of trust and liquidity. Zak Folkman, co-founder of WLFI, said the partnership aligns with the project’s broader ambition to reshape digital finance. He added: “By combining Falcon’s innovative collateralization model with our fiat-backed approach, we are creating a more robust and flexible digital dollar infrastructure that will meet the diverse needs of both retail and institutional users across the global market.” Ethereum investments The stablecoin project investment follows WLFI’s deepening of its exposure to Ethereum with new recent purchases. On July 29, blockchain analysis platform Lookonchain reported that the DeFi project acquired 256.75 ETH in July at an average cost of $3,895 per coin for $1 million. This follows last week’s purchase of 3,473 ETH, which were then staked via the DeFi lending platform, Aave. Following these purchases, World Liberty Financial now holds approximately 77,226 ETH, worth around $296 million at today’s prices. The firm also has an unrealized profit of roughly $42 million. The post Trump’s World Liberty Financial makes $10M push into Falcon USDf stablecoin appeared first on CryptoSlate.