Blockstreet's co-founder Kyle Klemmer believes Trump-backed USD1 to supplant Tether, USDC as top stablecoin by 2028
decrypt.co •
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Promote with Leviathan NewsBlockstreet co-founder Kyle Klemmer has argued that USD1, the stablecoin issued by Trump-aligned World Liberty Financial, could overtake Tether (USDT) and Circle’s USDC to become the world’s largest stablecoin by 2028, according to comments reported by Decrypt. USD1 is part of a broader crypto initiative linked to former U.S. President Donald Trump and has been framed by its backers as a politically aligned “digital dollar” alternative that can plug directly into existing stablecoin and DeFi market infrastructure. Klemmer’s thesis rests on the combination of Trump’s political backing, regulatory tailwinds in the U.S. for stablecoins, and USD1’s rapid early growth. USD1 launched in March via World Liberty Financial and has already grown into a multi‑billion‑dollar asset, making it one of the largest stablecoins by market capitalization within months of its debut. The issuer has pursued aggressive integrations, including a partnership with cross‑chain infrastructure provider Enso to distribute USD1 liquidity across Ethereum, BNB Chain, Solana, Tron, and Aptos, and to embed it into DeFi protocols such as Dolomite for trading, lending, and cross‑chain transfers. This expansion comes amid a broader boom in the stablecoin sector, which has surpassed $300 billion in total market cap under a more favorable U.S. regulatory environment, including new legislation that formally recognizes stablecoins. Klemmer’s projection that USD1 could surpass incumbents like Tether and USDC therefore hinges on whether this early momentum, political branding, and regulatory positioning can sustain adoption at a scale that displaces the dominant, long‑established stablecoin issuers by 2028.
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