World Liberty Financial, affiliated with Trump, has announced a partnership with Vaulta, the newly rebranded EOS Foundation, aimed at integrating its USD1 cryptocurrency into the Web3 banking infrastructure in the U.S.
Strategic Partnership in Web3 Banking
On July 31, World Liberty Financial (WLFI) and Vaulta announced their collaboration, aimed at accelerating Web3 banking in the U.S. Under the terms of the partnership, Vaulta will integrate WLFI’s USD1 stablecoin into its digital banking infrastructure.
Positioning of World Liberty Financial and Vaulta
WLFI, a project with a 60% stake held by the president's family, is shifting towards an infrastructure-focused approach, positioning USD1 as a more regulated alternative to unregulated dollar-pegged tokens. Vaulta is also striving for global servicing with real asset and cross-chain support.
Impact Analysis on Traditional Finance
The timing of the partnership suggests deeper strategic alignment. For instance, WLFI recently purchased 3,400 ETH worth $13 million. Critics conditionally link this project with benefits for the Trump administration, however, WLFI is gearing up for long-term participation in the cryptocurrency market.
The partnership between World Liberty Financial and Vaulta illustrates a shift in the course of cryptocurrency initiatives, offering users new opportunities in Web3 banking and emphasizing the growing influence of cryptocurrencies on the traditional financial system.
