Last night, Powell stated that cryptocurrencies are gradually becoming mainstream, and it is expected that there will be 'partial loosening' of bank regulations related to cryptocurrencies! The key point is that at the same time, Trump family’s stablecoin USD1 ($20 million) is launching on Lista Lending!!!
Let’s analyze some information behind the launch of Trump family’s stablecoin USD1 on Lista Lending:
1. What role can Lista Lending play? It is the vessel!
Lista Lending is essentially a P2P platform, serving as a vessel in the BNBFI field. If we liken the Trump family’s USD1 issuing company, World Liberty Financial, to the heart, then through Lista Lending, the stablecoin USD1 is delivered to investors who need it.
To put it more straightforwardly, Lista Lending is the lending institution of Trump’s World Liberty Financial, which can also be called a bank. The external interest rate is currently 0.85%, so the rate at which Trump’s World Liberty Financial lends to Lista Lending might be around 0.65%, allowing Lista Lending to capture some interest spread and generate project profits.
2. What is USD1? It is the blood!
According to a statement released by the company, USD1 will be 100% backed by U.S. government short-term treasury bonds, dollar deposits, and other cash equivalents. Initially, the USD1 token will be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with plans to expand to other protocols in the future. Each token is designed to maintain a value of 1 dollar, trading at a 1:1 ratio with the U.S. dollar.
"USD1 offers something that algorithmic and anonymous crypto projects cannot provide – the power of DeFi based on credibility and protections found in traditional finance," said Zach Witkoff, co-founder of WLFI. "We offer a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless and secure cross-border transactions."
3. The impact of Lista DAO on the BNB chain
Increase user traffic: As the Lista Lending platform operates on the BNB chain, it has attracted a large number of investors interested in stablecoin lending services. The influx of these investors has brought new user traffic to the BNB chain, increasing network activity and transaction volume, thus enhancing the market visibility and influence of the BNB chain.
Enrich ecological applications: As an innovative financial application, Lista Lending enriches the ecosystem of the BNB chain. It provides financial service support to other projects and users on the BNB chain, facilitating collaborative development among different projects. For example, other projects can obtain funding support through the Lista Lending platform to promote project development and operation; users can also engage in lending and other financial activities more conveniently on the BNB chain, improving the overall integrity and functionality of the ecosystem.
Enhance technical development momentum: To support the efficient operation of the Lista Lending platform, the BNB chain needs to continuously enhance its technical performance, such as transaction processing speed, security, and scalability. This will encourage the BNB chain to increase its investment in technological research and development, promoting innovation and development in blockchain technology and contributing to the technological advancement of the entire blockchain industry.
Compliance! Compliance! Compliance again!: Due to the involvement in financial activities such as stablecoin lending, the operation of Lista DAO on the BNB chain must comply with relevant financial regulatory requirements. This will prompt the BNB chain to strengthen communication and cooperation with regulatory authorities, promote its compliance efforts, set an example for compliant development in the blockchain industry, and create a favorable environment for industry development.
