World Liberty Financial (WLFI), a central financing protocol with the support of the Trump family, emphasized speculation about the launch of the dollar -backed Stablecooin.
According to An official press release On March 25, the Defi Protocol was officially approved by the launch of USD1, which was tied 1: 1 to the US dollar.
Usd1 with institutions is considered in mind, fully supported by short -term US Treasury bonds, cash deposits and other monetary equations to ensure maximum stability and confidence.
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Talking about the potential Stablecoin from WLFI revolves around March 23, after users with eyes in testing transactions included in the X that included a symbol called “World Liberty Financial Usd (USD1)” on both ETHEREUM and BNB series.
The data on the series also indicated the participation of Bitgo and Market Market Wintermute, which increases the next launch speculation.
Today’s advertisement sets a speculation for rest, as BITGO has been formally confirmed as a USD1 reserve guard.
The digital asset security giant will deal with the nursery, while the Bitgo Prime mediation arm will provide support for trade and liquidity for Stablecoin.
Interestingly, although the activity previously monitored was linked to a wallet linked to Wintermute, the market maker was not mentioned in the official version, leaving his careful role in the Stablecoin program is not clear at the present time.
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The co -founder of WLFI Zach Wettakouf explained the primary goal of the initiative, saying that USD1 was designed to provide “algorithm and unknown encryption projects that cannot be.”
He added: “We offer Stablecoin digitally for the digital dollar. Investors and major institutions can integrate with confidence in their strategies for multiple transactions safe and safe border.”
The version also emphasizes the USD1 focus on stability, which is said to achieve by avoiding the mechanisms of generating complex return.
The developers believe that Stablecoin’s clarity and security will help feed the wider institutional adoption.
Commenting on the development, Mr. Hemansho Maradia, the founder and president of CIFDAQ, told Invezz The launch was an “important teacher”.
Stablecoins has proven like USDT, with the maximum $ 143 billion market, value as shelters of fluctuation, and can follow the use of USD1 […] We see this as a bold step towards integrating digital assets into broader financial systems, and making the industry for the future of innovation and opportunity.
WLFI raised $ 590 million despite the differences
World Liberty Financial was launched on September 16, 2024, with a task for reinforcing Defi and Stablecoins.
With the support of Donald Trump and his sons, Eric, Donald Junior, and Parun, the project itself was placed as a bold leaf for financial innovation and away from the banking system in the old school.
To date, WLFI raised 590 million dollars to feed its vision for decentralized financing.
A large part of this appeared early – $ 300 million from its first symbolic sale in October, where it sold 20 billion WLFI code at $ 0.015 each.
The sale makes up 25 % of the total offer and soon put the project on the radar.
Since then, a few big names jumped. Trone Justin Sun’s founder supported the project with an investment of $ 30 million, as it received two billion symbols at the same launch price.
Web3port followed in January, where he threw $ 10 million, while in February, Ododiyana Ventures said an unknown investment.
However, some in the encryption community have wondered whether the project brings anything new on the table or if it was just a high -gloss cash prize.
The team recently prevented the negative media attention after a report issued by the Wall Street Journal and Bloomberg indicated that the Trump family may look forward to a share in Binance Us through WLFI.
However, in a statement posted on X, WLFI described “Clickbait” and “political motivated”, which urges followers to look at noise and focus on its mission to “financing democracy”.
Some in the industry also summoned the project strategies and re -investment strategies. However, the project continued to expand its encryption portfolio, recently injected $ 3 million into the distinctive symbol of the Mantle Network in Layer 2.
Other symbols that the project invested in ETHEREUM, Bitcoin Bitcoin, TRX, LINK, AAVE, ENA, Move, Ondo and Sei.
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