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World Liberty Financial (WLFI), a crypto platform tied to US President Donald Trump’s family, has partnered with London hedge fund Re7 to launch a USD1 stablecoin vault across Euler Finance and liquid staking protocol Lista.
The partnership is part of a broader effort to expand the presence of World Liberty's USD1 stablecoin on the BNB Chain, according to Bloomberg.
Lista is one of the major liquid staking platforms for the BNB (BNB) token, and its decentralized autonomous organization (DAO), which governs the platform, is backed by Binance Labs — the venture capital arm of crypto exchange Binance.
Binance Labs invested $10 million in Lista in August 2023. At the time, Lista was known as Helio Protocol and the capital was meant to aid the platform's transition to a liquid staking provider.
WLFI continues to receive backing from institutional investors as US dollar stablecoins and real-world asset tokenization — the two sectors the DeFi platform is focused on — become strategically important to increasing the salability of the US dollar, a major priority of the Trump administration.