World Liberty Financial, a cryptocurrency finance project closely associated with the family of US President Donald Trump, recently announced a strategic partnership with Spacecoin, a satellite technology startup building internet infrastructure from space. This collaboration is XEM as a bold move to connect the decentralized finance (DeFi) sector with low-orbit satellite internet networks, opening up entirely new approaches to global financial services.
According to information Chia by Spacecoin, the cooperation agreement between the two parties includes a Token Swap, although the specific terms were not disclosed. The focus of this partnership is research and implementation of payment, remittance, and financial coordination models in areas where traditional banking infrastructure or terrestrial telecommunications networks are limited. These are areas often left behind in the global digitalization of finance, including remote areas, developing regions, or geopolitical hotspots.
Zak Folkman, co-founder of World Liberty Financial, stated that the USD1 stablecoin is designed to directly serve real-world payment and settlement activities. According to him, the collaboration with Spacecoin allows the project to test scenarios for using USD1 in specific environments where traditional "financial channels" cannot function effectively. This reflects World Liberty Financial's larger ambition to make stablecoins a global payment infrastructure, rather than just existing within a closed crypto ecosystem.
Spacecoin, for its part, is developing a network of low-orbit (LEO) satellites to provide direct internet connectivity from space. Spacecoin says it has successfully launched three satellites recently and is gradually expanding the system. The project positions its infrastructure as an alternative to terrestrial broadband internet, while building a decentralized physical infrastructure network (DePIN) model where control and benefits are not concentrated in a few large telecommunications corporations.
The collaboration with Spacecoin comes as World Liberty Financial continues to expand the application scope of USD1. Following the launch of this stablecoin last year, the project has rapidly entered the cryptocurrency lending sector through its World Liberty Markets platform, while promoting USD1 as a core settlement asset for DeFi and cross-border finance transactions. With a focus on practical applications, USD1 is being developed as a new counterweight in the increasingly fierce competition among USD Peg stablecoins.
