๐จ USD1 Stablecoin Gains Momentum: MEXC & WLFI's Strategic Collaboration ๐จ
On May 14, MEXC and World Liberty Financial (WLFI) hosted an X Space AMA to discuss the launch and future of USD1, a USD-pegged stablecoin designed for institutional adoption.
Key Highlights:
USD1 Overview: USD1 is fully backed 1:1 by short-term U.S. Treasuries and cash, with custody managed by BitGo, ensuring institutional-grade security.
Compliance-First Approach: The stablecoin offers transparent reserves, no fees for minting or redemption, and plans for regular third-party audits.
MEXC Partnership: MEXC supports USD1 with zero trading fees for the USD1/USDT pair and waived withdrawal fees, enhancing accessibility for users in over 170 countries.
Market Impact: USD1 has achieved a $2 billion market cap and facilitated a significant $2 billion transaction between MGX and Binance.
Multi-Chain Expansion: Currently available on Ethereum and BNB Chain, with plans to launch on TRON (TRC-20) to maximize liquidity and user reach.
Future Plans: Airdrops to WLFI holders are under consideration to test on-chain distribution and reward early supporters.
This collaboration between MEXC and WLFI marks a significant step toward bridging traditional finance and digital assets.
