WLFI confirms launch of USD1 stablecoin backed by U.S. treasuries
Confirming online speculation, World Liberty Financial Inc. announced the launch of USD1, a stable that can be traded 1: 1 for the US dollar and entirely supported by short -term American treasury bills, cash deposits and other equivalents.
USD1 will initially be launched on Ethereum (Ethn) and the Binance (Bnb) Smart chain, with plans to extend to additional blockchains, according to a shared note with crypto.News.
The WLFI positions USD1 as a stable and friendly alternative to institutions with algorithm and undeveloped stable. The company has emphasized transparency, third -party audits ensuring that the reserves correspond to the supply of token.
This news Confirm speculation That WLFI had launched its stablecoin USD1 on the BNB channel, with blockchain analyzes detecting the interactions between its contract and a portfolio linked to Wintermute.
Despite the deployment that occurs about three weeks ago, neither World Liberty Financial nor the Trump family had published an official declaration so far.
Bitgo as guardian
Bitgo, a leading digital asset guardianThe USD1 reserves will hold. The company, which serves institutional customers from around the world, will also provide negotiation and liquidity support via Bitgo Prime.
“The launch of the USD1 represents a significant increase in digital assets ready for the institution,” said Bitgo CEO Mike Belshe, stressing that Stablecoin combines deep liquidity with regulated and qualified guard.
Unlike the stablecoins that rely on complex yield generating mechanisms, USD1 Hotify transparency and security. WLFI wants Stablecoin to be an option of trust for institutions that seek to engage with DEFI while guaranteeing full collateral support.
“USD1 provides what algorithmic and anonymous crypto and anonymous projects cannot – access to the DEFI power underlying by credibility and the guarantees of the most respected names in traditional finance,” said WLFI co -founder Zach Witkoff.
He added that investors and sovereign institutions can use USD1 for inter-scrust transactions without exposure to additional risks.
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