Trump-backed World Liberty Monetary exams USD1 stablecoin on BNB Chain

World Liberty Monetary (WLFI), a DeFi undertaking backed by President Trump and his sons, has examined a brand new stablecoin known as USD1 on the BNB Chain, in line with on-chain knowledge tracked by Lookonchain.

Trump’s World Liberty (@worldlibertyfi) has deployed a stablecoin, $USD1, on @BNBChain.

And #Wintermute‘s public pockets seems to have run some take a look at transfers with #USD1. https://t.co/lgH9DWJ8uJ pic.twitter.com/H1ZJAiktYm

— Lookonchain (@lookonchain) March 24, 2025

Wintermute’s public pockets has reportedly been concerned. The pockets has performed a number of take a look at transfers with the USD1 stablecoin, together with cross-chain know-how exams between Ethereum and BNB Chain networks, in line with an evaluation by crypto dealer INVEST Y, which was confirmed by Binance’s co-founder Changpeng “CZ” Zhao.

$WLFI #WLFI

They’ve issued a stablecoin known as USD1(ETH, BSC) and are doing a number of exams and it appears Wintermute can be concerned. Preserve an eye fixed out 👇https://t.co/cu9wYWed3v

— INVEST Y (@INVESTYOFFICIAL) March 23, 2025

Decrypt reported final October that WLFI was within the technique of creating a local stablecoin. Based on sources, the undertaking group was prioritizing the peace of mind of security and reliability previous to the stablecoin’s launch to the market.

WLFI’s co-founder hints at upcoming product launches

The stablecoin deployment follows WLFI’s completion of $550 million in token gross sales earlier this month. In an announcement following this success, ​Zak Folkman, the undertaking’s co-founder mentioned these gross sales have been simply the preliminary steps.

Folkman shared a current speak with Chainlink’s co-founder Sergey Nazarov that there can be some “actually large bulletins” within the subsequent couple of weeks.

The undertaking has shaped partnerships with blockchain protocols together with Chainlink and Aave to boost its DeFi choices and make the most of decentralized oracle providers.

“By way of what we’re constructing, I’d say that we’ve three important merchandise that we’re really constructing and creating. Two of that are already achieved and able to ship,” mentioned Folkman.

Whereas Folkman saved mum concerning the first, he revealed that the opposite two have been a lend-and-borrow market powered by good contracts and a protocol targeted on real-world belongings (RWAs).

“We’re simply engaged on staging in order that we are able to actually get via our complete product roadmap and roll it out in a approach that’s significant and is smart,” he defined.

In contrast to conventional DeFi lending platforms that depend on decentralized autonomous organizations (DAOs), World Liberty Monetary will handle its lending market via its personal governance course of. This permits the corporate to take care of management and tailor the platform to satisfy the particular wants of its customers, significantly TradFi establishments.

“If you take a look at conventional monetary establishments, there’s lots of these TradFi establishments that proper now in the present day have a bunch of tokenized belongings,” Folkman defined. “However the issue is that they don’t even have a use case for the way they’ll make the most of them, deploy them, market them, and many others.”

World Liberty Monetary goals to handle this problem by offering a platform that seamlessly integrates TradFi belongings into the DeFi ecosystem. This consists of providing entry to merchandise like cash market accounts, industrial actual property, debt, and securities, that are presently unavailable within the DeFi area.

The corporate is actively partaking with TradFi establishments, lots of that are already exploring or creating tokenized belongings. Nevertheless, these establishments require a regulated and KYC-compliant accomplice to facilitate their entry into DeFi.

“They want to have the ability to work together with an actual enterprise that they’ll KYC, they know who the rules are, they usually can, you understand, put collectively a industrial deal,” Folkman acknowledged.

Folkman added that as a US company with totally KYC’d rules, World Liberty Monetary is well-positioned to function this bridge.

“It’s form of humorous to think about the thought of a serious TradFi establishment going to a governance discussion board and posting a proposal,” Folkman famous, highlighting the impracticality of conventional DeFi governance for these establishments.

The corporate’s technique entails a phased rollout, beginning with the lending protocol, adopted by the RWA protocol. These two protocols are anticipated to converge, enabling the creation of lending markets for RWA-backed belongings.

Share this text