Key dishes to remember
- World Liberty Financial launched the stablecoin USD1 on the BNB channel.
- The project works on three products, including a loan and loans market.
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World Liberty Financial (WLFI), a DEFI project supported by President Trump and his sons, tested a new stablecoin called USD1 on the BNB channel, according to data on the channel followed by Lookonchain.
Trump’s freedom of the world (@Worldlibertyfi) deployed a stablecoin, $ USD1, on @Bnbchain.
And #WintermuteThe public portfolio seems to have executed test transfers with # USD1. pic.twitter.com/h1zjaiktym
– Lookonchain (@lookonchain) March 24, 2025
Wintermute’s public portfolio would have been involved. The portfolio has carried out several test transfers with the Stablecoin USD1, including transverse technology tests between the Ethereum and BNB chain networks, according to an analysis of Crypto Trader Invest y, which was confirmed by the co-founder of Binance, Changpeng “Cz” Zhao.
They published a stablecoin called USD1 (ETH, BSC) and do several tests and it seems that Wintermute is also involved. Keep an eye on 👇
– Invest y (@investyofical) March 23, 2025
Decrypt reported last October that the WLFI was developing a native stable. According to sources, the project team favored security and reliability insurance before the release of Stablecoin on the market.
The co-founder of WLFI refers to the launching of future products
The deployment of Stablecoin follows the completion of WLFI of $ 550 million in token sales at the beginning of the month. In a statement following this success, Zak Folkman, the project co-founder, said that these sales were only the initial stages.
Folkman shared a recent conversation with the co-founder of Chainlink, Sergey Nazarov, that there would be “very big announcements” in the next two weeks.
The project has trained partnerships with blockchain protocols, including Chainlink and Aave to improve its DEFI offers and use decentralized oracle services.
“In terms of what we build, I would say that we have three main products that we build and develop. Two of which are already made and ready to ship,” said Folkman.
While Folkman kept the mother of the first, he revealed that the other two were a loan and borrowing market powered by smart contracts and a protocol focused on real assets (RWAS).
“We are just working on the staging so that we can really go through our entire roadmap and deploy it in a way that is significant and makes sense,” he explained.
Unlike traditional disfu loan platforms that are based on decentralized autonomous organizations (DAO), World Liberty Financial will manage its loan market through its own governance process. This allows the company to maintain control and adapt the platform to meet the specific needs of its users, in particular Tradfi institutions.
“When you look at traditional financial institutions, there are many of these tradfi institutions that currently have a lot of tokenized assets,” said Folkman. “But the problem is that they do not really have use cases for how to use them, deploy them, market them, etc.”
World Liberty Financial aims to take up this challenge by providing a platform that transparently integrates tradfi assets into the DEFI ecosystem. This includes access to products such as monetary market accounts, commercial real estate, debt and titles, which are currently not available in the DEFI space.
The company is actively committed to Tradfi institutions, many of which explore or already develop tokenized assets. However, these institutions need a regulated partner and in accordance with KYC to facilitate their entry into DEFI.
“They must be able to interact with a real business that they can KYC, they know who the principles are, and they can, you know, set up a commercial offer,” said Folkman.
Folkman added that as American society with entirely KYC principles, World Liberty Financial is well positioned to serve this bridge.
“It’s a bit funny to think about the idea of a great tradfi institution going to a governance forum and to publish a proposal,” noted Folkman, stressing the impracticability of the traditional governance of these institutions.
The company’s strategy involves a progressive deployment, starting with the loan protocol, followed by the RWA protocol. These two protocols should converge, allowing the creation of loan markets for assets supported by Rwa.
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