This Altcoin Has Partnered with Trump's Crypto Project: Here Are the Details!

The cryptocurrency initiative World Liberty Financial (WLFI), supported by the Trump family, is making the USD1 stablecoin multi-chain by forming a strategic partnership with Plume Network.

Plume Network, a blockchain compatible with the Ethereum Virtual Machine (EVM), has initiated a strategic partnership with Trump family's crypto initiative World Liberty Financial to strengthen its presence in the stablecoin market. As part of this collaboration, the USD1 stablecoin will be used as the official reserve asset for Plume's own blockchain-based stablecoin, pUSD.

Recently, Plume Network launched its Genesis mainnet and garnered attention with over 100,000 wallet holders and capital exceeding $250 million backed by real-world assets (RWA). Additionally, Plume Network is working closely with the U.S. Securities and Exchange Commission (SEC) to advance regulatory standards in the industry.

A New Breath for the Stablecoin World: USD1

Chris Yin, the CEO of Plume Network, stated in a press release about the collaboration that the partnership with World Liberty Financial aligns perfectly with Plume's goals of tokenizing real-world assets. Yin emphasized that with the institutional-level adoption of the USD1 stablecoin, it will serve as a bridge between the DeFi and traditional finance worlds.

The USD1 stablecoin is pegged at a 1:1 ratio with the U.S. dollar and is backed by safe reserve assets such as U.S. government funds and cash equivalents. Having grown by 54% in the past year, the stablecoin sector has transformed into a massive $253 billion market, attracting institutional investors with a new and more conservative approach through USD1.

Zak Folkman, Chief Operating Officer of World Liberty Financial, stated that this partnership with Plume Network is the first major step for the multi-chain expansion of USD1.