A few days after the WLFI USD1 stablecoin was announced, experts predict when it might go on sale.
Donald Trump’s World Liberty Financial (WLFI) announced the USD1 stablecoin’s launch almost a week ago, but investors are still perplexed by the lack of a listing date. However, if stablecoin regulation in the US doesn’t take longer than expected, an analyst predicts the stablecoin will launch on exchanges as early as April 1.
Expert Predicts April 1st Listing for WLFI USD1 Stablecoin
The pseudonymous cryptocurrency analyst xHuai.eth used X to forecast when WLFI’s USD1 stablecoin might go public. By industry norms, the analyst predicts that the USD1 stablecoin could be traded as early as April 1.
According to the analysis, stablecoins are usually listed on exchanges a few days after the announcement. On March 25, WLFI declared the USD1 stablecoin’s release on the Ethereum and Binance Smart Chains.
xHuai.eth revealed that completing the required technical steps is a prerequisite for stablecoin exchange listings. According to the announcement, selecting Bitgo, Binance Smart Chain, and Ethereum for custodial service signifies that the technical procedures have been finished.
Additionally, according to xHuai.eth, WLFI will face pressure to push listing procedures to compete with USDT and USDC.
According to xHuai.eth, “the timeframe of March 31 to April 5 is reasonable given the announcement on March 25.” “If there are no delays, April 1 is the most practical date.”
Regulations Regarding Stablecoins Could Impact the Listing
The USD1 stablecoin listing will be impacted by new stablecoin regulations in the US, per xHuai. eth’s analysis. The WLFI has previously stated that stablecoins must receive regulatory approval before being launched on exchanges.
With the GENIUS Act and STABLE Act attracting the White House’s attention, the US is rapidly moving toward stablecoin regulations. According to xHuai.eth, the WLFI will move to list the USD1 stablecoin because authorities are eager to expedite the passage of laws.
Though xHuai.eth believes this unlikely, a delay in the regulatory process could result in listing in late April. Authorities expect stablecoin regulation to go live in the US within two months, driven by full support from the executive arm.
Following the release of the complete draft of the STABLE Act, Sonic Labs is abandoning plans for an algorithmic stablecoin. Other issuers are positioning themselves to spearhead the government plans to maintain the dollar’s supremacy using stablecoins.
