World Liberty Financial (WLFI), a platform linked to US President Donald Trump's family, has announced a partnership with London hedge fund Re7 to launch its USD1 stablecoin.
Partnership with Re7 and Launch of Stablecoin
The partnership between WLFI and Re7 aims to enhance the presence of the USD1 stablecoin on the fully decentralized BNB Chain platform. According to Bloomberg, the new stablecoin will be linked to the liquid staking protocol Lista, which is governed by a decentralized autonomous organization backed by Binance Labs.
Investor Support and WLFI Strategy
WLFI continues to receive backing from institutional investors. Key focus areas for the platform include stablecoins and real-world asset tokenization, which are becoming strategically important for increasing the liquidity of the US dollar. Binance Labs provided a $10 million investment in Lista in August 2023.
Trump's Financial Results and Stake in WLFI
In April, DWF Labs purchased $25 million in WLFI tokens and will provide liquidity for the USD1 stablecoin. Aqua1 Foundation announced a $100 million investment in WLFI, citing the potential for global financial restructuring. Recent disclosures indicated that Trump reported an income of $57 million from WLFI, although his family reduced their stake in the platform by 20% since 2024.
The WLFI partnership with Re7 and the interest from institutional investors highlight the growing interest in stablecoins and real-world asset tokenization within the cryptocurrency space.
