World Liberty Financial (WLFI) of the Trump family continues to attract attention, expanding its influence in the cryptocurrency field. Recent developments follow important announcements at Token2049 in Dubai.
Eric Trump revealed interesting information at the049 event,049, including the integration of USD1 stablecoin.
World Liberty Financial in 2049: What Users Need
Speaking at the Token2049 event, Eric Trump announced the integration of World of's USD1 stablecoin withRon.
Trump's DeFi project has recently launched the USD1 stablecoin, aimed at promoting dollar dominance. This ststablecoin is backed by short-term US bonds and cash-equivalent assets.
Although this integration is significant, this move is not surprising surprising surprising to relationship between World Liberty Financial andRon, Justin Sun.
As BeInCrypto reported, Justin Sun has up to $30 million DeFi project becoming the project's After this investment project has him as advisor emphasizing his role a prominent figure in blockchain innovation.
Recent reports suggest Justin Sun may attend an exclusive dinner with President Trump for top TRUMP holders next month. This speculation emerged when Sun's HTX Storage wallet the trump, with social media posts adding to to the mystery.
Despite this integration, USD1 will be deployed as a TRC-20 token on the. tron. This will allow USD1 to leverage Tron's high-throughput, low-cost blockchain for transactions, smart contracts, and DeFi applications.
Therefore, this integration expands the interoperability of the USD1 stablecoin beyond BNB Smart Chain (BSC) and Ethereum.
< h1ablEtes $2MGX-Bin2>Another interesting revelation at Token2049 is that World1Liberty Financial1's USD1compl the chosen stablecoin for MGX's $2 's Binance.
In March, MGX, a sovereign wealth fund from Abu Dhabi, committed to2investing $2 billion in the Binance exchange via stablecoin.
"MGX, a sovereign wealth fund sovereign dhabi national investment fund, is investing $2 billion in Binance to own a stake The transaction will be to be100% in in cryptocurrency (stablecoin), marking the largest crypto investment transaction to date. This isance is also the investment bin. Move forward, Build!" wrote Changpeng Zhao (CZ), founder and and former Binance CEO.
With USD1 becoming the chosen stablecoin in this important investment, this demonstrates theincincreasing acceptance and legitimacy of the token. The funds will help MGX secure a stake in Binance, becoming one of the first institutional in world's.
Notably, this revelation came just days after after World Liberty Financial executives met with Changpeng Zhao in Abu Dhabi. They were said to have discussed cryptocurrency industry standardization and global acceptance efforts.Meanwhile, amid DeFi project revelations, data shows the USD1 stablecoin has surpassed $2 billion in market Capital.
Market Capital of USD1 Stablecoin. Source: BeInCryptoThis places it as one one of the fastest-growing stablecoins since its launch in March.
