Cryptocurrency exchange MEXC has announced the listing of World Liberty Financial USD (USD1) in its Innovation Zone, starting on May 9, 2025.
What is USD1
USD1 is a stablecoin from World Liberty Financial (WLFI), backed 1:1 by the US dollar. The reserve assets are held in BitGo and subject to regular audits by third-party firms to ensure transparency and stability. USD1 operates on both Ethereum and BNB Chain and plans further expansion.
USD1's Contribution to DeFi
USD1 has made significant strides in the decentralized finance (DeFi) ecosystem. For instance, ListaDAO has launched a USD1 lending vault on BNB Chain, providing liquidity support worth 20 million USD1. Also, market maker DWF Labs has deployed USD1 liquidity across multiple platforms, reinforcing its market reach. According to CoinMarketCap, USD1's market capitalization exceeds $2.12 billion, indicating strong demand.
The Future of Stablecoins on MEXC
MEXC's partnership with World Liberty Financial aims to drive innovation in stablecoin development. Looking ahead, MEXC plans to enhance its support for stablecoin projects and promote their widespread adoption globally.
The listing of USD1 on MEXC underscores the exchange's commitment to advancing stablecoins and enhancing the trading of digital assets.
