World Liberty Financial (WLFI) announced the launch of its USD1 stablecoin, promising stability and transparency for institutional investors.
WLFI’s Ambitious Plan
WLFI plans to release the USD1 stablecoin, pegged to the U.S. dollar at a 1:1 ratio and backed by real-world assets. The initial launch will occur on the Ethereum and BNB Chain blockchains, with future expansion to other blockchains planned.
Backed by Trusted Reserves
USD1 will be fully backed by a reserve portfolio of short-term U.S. government treasuries and dollar deposits. These assets will be custodied by BitGo, ensuring secure storage and liquidity.
WLFI’s Vision for DeFi
WLFI aims to build a blockchain marketplace for borrowing, lending, and transacting, particularly with stablecoins. The protocol partners with projects like Aave and Chainlink, signaling its commitment to enhancing liquidity and stablecoin utility in DeFi.
WLFI seeks to stand out amongst competitors by offering a stablecoin backed by real assets and supported by notable figures like Donald Trump.
