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USD1’s launch on Ethereum and BNB Chain enhances cross-chain liquidity and adoption, leveraging both networks’ strengths. Despite its launch, USD1 remains non-tradeable as WLFI addresses regulatory compliance, signaling a strategic and cautious market entry. Following the recent Trump-backed crypto project highlighted in a CNF post, another decentralized finance (DeFi) initiative backed by former President Donald Trump, World Liberty Financial (WLFI), has introduced USD1—a stablecoin pegged to the U.S. dollar—on both the Ethereum and BNB Chain blockchains. This strategic move underscores WLFI’s ambition to bridge the gap between traditional finance and the burgeoning world of decentralized finance (DeFi). Strategic Deployment Across Leading Blockchains The deployment of USD1 on Ethereum and BNB Chain signifies a calculated effort to leverage the strengths of two of the most prominent blockchain networks. Meanwhile, Wu Blockchain also added to the narrative through an X post, noting that market maker Wintermute’s address has interacted with the contract, with some test transfers observed. CZ mentioned that the contract was deployed 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 Ethereum’s robust smart contract capabilities and extensive developer community, combined with BNB Chain’s scalability and lower transaction fees, provide a versatile foundation for USD1’s adoption and utility. According to reports, the token boasts a total supply exceeding $3.5 million. Collaborations with Industry Leaders To ensure the stability and credibility of USD1, WLFI has engaged with notable entities in the crypto space. Blockchain data indicates interactions between USD1 and addresses linked to Wintermute, a renowned market maker, and BitGo, a leading crypto custodian. These collaborations are poised…

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Filed under: News - @ March 25, 2025 2:29 pm