As a trading volume, the world’s largest encryption exchange adds support for assets related to the World Liberty Financial (WLFI), a new distributed finance project by President Donald Trump.
Binance said in a new announcement that it will add support for Stablecoin World Liberty Financial USD (USD1), a $ 1 digital asset managed by Crypto Asset Manager Bitgo.
“Binance is pleased to announce that World Liberty Finance USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto, Binance Convert and Binance Margin (May 22).”
Designed to maintain a 1: 1 peg in the US dollar, the USD1 was released in March and formed a partnership with the recently distributed Oracle provider Provider Chainlink (link) to be transmitted smoothly for numerous blockchains.
Through collaboration, stablecoin can be used through the cross chain interoperable protocol (CCIP) of CHAINLINK, which began in 2023.
In the press release, as mentioned by Zach Witkoff, the co -founder of WLFI,
“Partnership with WLFI’s Chainlink will accelerate and improve the utility of USD1 for border payments, and will cause useful applications across Defi and traditional financial overall. We build a comprehensive platform for dramatic financial future by building the top of the rock.”
At the time of writing, USD1’s market cap is $ 2.1 billion and the link has increased by 4.4% over the last 24 hours.
Follow us in X, Facebook and Telegram
Don’t miss the beat -Subscribe to the email notifications directly delivered to the received letter box.
Check the price measures
Sur surfing the HODL mix every day
& nbsp
Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney