TLDR
- USD1 stablecoin market supply exceeds $3 billion in one year.
- WLFI plans to launch tokenized real-world assets and more products.
- Regulatory applications submitted for federal oversight of USD1.
World Liberty Financial (WLFI) has launched its first WebApp named World Liberty Markets for digital asset lending and borrowing. This new service arrives as the stablecoin USD1 nears a circulating supply of $3.5 billion. The platform utilizes Dolomite to facilitate its operations and is inspired by the vision of Donald J. Trump to provide broader access to decentralized finance.
The co-founder and COO of WLFI, Zak Folkman, announced the launch, stating that it represents a significant advancement for USD1 users. Folkman mentioned that the company aims to offer more opportunities for users to utilize their stablecoins, with further product rollouts planned over the next 18 months.
Regulatory Moves and Governance Plans
WLFI, which is controlled by the Trump family, has made regulatory applications to enhance its stablecoinโs legitimacy. WLTC Holdings LLC, a related entity, has submitted an application for a National Trust Bank Charter with the Office of the Comptroller of the Currency (OCC). This move seeks federal oversight for the issuance and custody of USD1.
Despite the launch of World Liberty Markets, no specific funding amounts, grants, or involvement of institutions have been specified. The focus remains on expanding the range of supported digital assets for lending, borrowing, and collateral purposes.
Asset Details and Strategic Future Plans
The newly launched platform supports various digital assets, including USD1, WLFI, ETH, cbBTC, USDC, and USDT. The USD1 stablecoin, a key focus for the platform, has achieved a market supply of over $3 billion within a year since its inception. This milestone marks USD1 as a major player among digital stablecoins.
As part of its future strategy, WLFI plans to introduce additional products, including tokenized real-world assets, on/off-ramping services, and card solutions. The USD1 Points Program is also integrated into the platform, allowing users to earn reward points through lending USD1.
Market Response and Future Developments
Since the announcement, there have been no immediate reports of changes in total value locked (TVL), liquidity shifts, or staking flows related to the launch. Nonetheless, USD1 trading volumes continue to grow on major exchanges, reinforcing its stable market position.
The broader reception from key opinion leaders in crypto remains unrecorded, and no immediate community or developer response has surfaced in available communication channels like GitHub, Twitter, or Telegram. However, the launch signifies WLFIโs ongoing commitment to expanding its offerings in the decentralized finance sector.
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