World Liberty Financial to Launch USD1 Stablecoin on Ethereum and Binance Smart Chain
- World Liberty Financial (WLFI) will launch USD1, a stablecoin backed by US treasuries and cash equivalents.
- USD1 will be minted on Ethereum and Binance Smart Chain, with reserves audited and held by BitGo.
- The stablecoin is redeemable one-to-one for US dollars.
- WLFI completed $550 million in two sets of token sales to support future developments.
- The project includes a lend-and-borrow market powered by smart contracts and a protocol focused on real-world assets.
World Liberty Financial confirmed plans to launch USD1, a stablecoin backed by US treasuries, on Ethereum and Binance Smart Chain. The reserves will be managed by BitGo, ensuring security for institutional investors.
Source (2.6)https://cryptobriefing.com/usd1-stablecoin-launch-ethereum-binance/?rand=59535
