According to the recently supported crypto project, which was emphasized in a CNF contribution, another decentralized financial initiative (Defi), which is supported by the former President Donald Trump, introduced World Liberty Financial (Wlfi), USD1-has a stable coin that coupled to the US dollar-both on the Ethere and BNB-Chain-Blockchain.
This strategic step underlines the endeavor of Wlfi to close the gap between the traditional finance and the burgeoning world of decentralized finances (defi).
The use of USD1 on Ethereum and BNB Chain means a calculated effort to use the strengths of two of the most famous blockchain networks.
In the meantime, WU Blockchain added in an X-Post that the address of the marketmaker Wintermute interacted with the contract and some test transfers were observed. CZ mentioned that the contract was provided 20 days ago.
A stablecoin called World Liberty Financial USD (USD1) has reportedly been launched on BNB Chain, allegedly linked to the Trump family fund. Market maker Wintermute’s address has interacted with the contract, with some test transfers observed. CZ noted the contract was deployed…
— Wu Blockchain (@WuBlockchain) March 24, 2025
The robust Smart Contract capabilities of Ethereum and the extensive development community together with the scalability of BNB Chain and the lower transaction fees form a versatile basis for the acceptance and benefits of USD1. According to reports, the token has an overall offer of more than $ 3.5 million.
In order to ensure the stability and credibility of USD1, Wlfi has worked with well -known companies from the crypto industry. Blockchain data show interactions between USD1 and addresses associated with winter mute, a renowned market maker, and Bitgo, a leading crypto-custodian. These collaborations will improve the liquidity and secure storage solutions for stable coin.
By using USD1 on Ethereum, World Liberty Financial uses the robust Smart Contract capabilities of the blockchain and the extensive Defi ecosystem.
This integration facilitates seamless transactions and interoperability with various defi applications, which could increase the acceptance of USD1 among Ethereum users.
In addition, cross-chain technology tests between Ethereum and BNB Chain were carried out to ensure smooth interoperability.
Despite the introduction of USD1, according to World Liberty Financial, he is currently “not tradable”. This cautious approach could be attributed to the ongoing regulatory discussions about stable coins.
WORLD Liberty Financial wants to position USD1 as a reliable and trustworthy stable coin on the market by proactively taking care of compliance and transparency.
When writing this article, Ethereum is traded at $ 2,072.21, after a decline of 0.68% in the last 24 hours and an increase of an increase of 8.78% last week. The current market capitalization amounts to almost $ 250 billion, with which Ethereum maintains its position as the second largest cryptocurrency.
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