"World Liberty Financial" launches a dollar-backed stablecoin for institutions
World Liberty Financial (WLFI) - the developer of decentralized finance (DeFi) platforms - announced its plans to launch USD1, a stablecoin fully backed by assets such as U.S. Treasury bills and cash deposits, with a fixed value (1 USD1 = 1 dollar).
According to news circulating today, this coin will be aimed at institutions to finance cross-border transactions with confidence, with its initial release on the Ethereum and Binance Smart Chain networks.
- Source: Business Wire, a website specializing in corporate press releases.
