World Liberty Financial has launched an innovative platform named World Liberty Markets, designed to facilitate borrowing of digital assets with USD1 as collateral. This move is part of a broader strategy to enhance the adoption of USD1 among both retail and institutional investors. The publication provides the following information:
New Platform Features
The new platform not only allows users to leverage USD1 but also supports prominent stablecoins such as Tether (USDT) and USD Coin (USDC), significantly increasing its market reach. This feature is expected to attract a diverse user base, catering to the needs of various investors in the digital asset space.
Community Vote and Treasury Allocation
In a recent community vote, stakeholders approved the allocation of a portion of the project's treasury to boost stablecoin issuance. This decision comes in response to the rising demand for USD1, indicating a proactive approach by World Liberty Financial to strengthen its position in the competitive cryptocurrency market.
On January 29, 2023, Worldcoin's token WLD experienced a notable price surge amid growing speculation about OpenAI's human verification social network. This development contrasts with World Liberty Financial's recent launch of a platform for borrowing digital assets. For more details, see read more.
