World Liberty Financial (WLFI) recently transferred $775,000 in USDC to an altcoin purchase wallet. This movement was tracked by Arkham Intelligence.
WLFI Fund Transfer
WLFI transferred $775,000 in USDC from its main wallet to another wallet primarily used for investing in altcoins. This move became known through monitoring by Arkham Intelligence. Recently, WLFI also acquired over 3.54 million Mantle (MNT) tokens and added $4 million worth of Avalanche (AVAX) to its portfolio.
Portfolio Diversification
In addition to MNT and AVAX, WLFI holds a wide range of other cryptocurrencies. These include Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), MOVE, Ondo (ONDO), and Sei (SEI), showcasing its diverse investment strategy.
Partnership with Sui and New Stablecoin
WLFI has formed a strategic partnership with the Sui blockchain, allowing the integration of Sui's technology into WLFI's ecosystem to develop advanced decentralized finance (DeFi) applications. As part of this deal, WLFI plans to add Sui tokens to its 'Macro Strategy' reserve. Additionally, WLFI is preparing to launch a new stablecoin called USD1, which will be fully backed by U.S. government treasuries and cash equivalents. USD1 will operate on Ethereum and Binance Smart Chain and will be redeemable 1:1 for U.S. dollars. For security, the USD1 stablecoin will be managed by BitGo, a recognized crypto custodian, and third-party audits will ensure transparency.
Thus, WLFI is actively expanding its investments in altcoins and strengthening its position in the crypto market through partnerships and the launch of new financial instruments.
