WLFI Launch At Ridiculous Valuation | Stablecoin ComparisonBINANCE:WLFIUSDT.P is a protocol affiliated with the Trump family and managed by Chase Herro and Zak Folkman - both with a notorious past with Herro reffering to himself as the 'scumbag of the internet'.
World Liberty Financial has a major product in USD1. As of today its the sixth larget stablecoin by supply. $2.4b circulating with increasing adoption. USD1 is the main product of WLFI.
In the video I compare WLFI and USD1 to its competitors in BINANCE:ENAUSDT and USDe, NYSE:CRCL and USDC.
With this comparison you see a massive overvaluation of WLFI at ~$23b compared to $2.4b supply of USD1. Relative to ENA at $9b with $12b USDe supply. Circle is $30b with $70b USDC.
This shows an extreme extra cost added to WLFI with no real current product to rationalise it. Not to say that there wont be new products or a major expansion of USD1.. only that its priced as if theyve already achieved it.
