World Liberty Financial has announced a proposal to allocate $120 million from its treasury to enhance the scalability of its USD1 stablecoin. This initiative aims to increase USD1's circulating supply and broaden its integration across decentralized and centralized finance platforms. A governance vote on the proposal is currently underway, with some early opposition noted. Launched in March, USD1 has quickly grown to become the seventh-largest USD-pegged stablecoin, boasting a market capitalization of $2.74 billion. The move is part of World Liberty Financial's strategy to strengthen USD1's position in the competitive stablecoin market.