Trump-backed World Liberty debuts WLFI Markets, a new lending and borrowing platform
Key Takeaways
Zach Witkoff, CEO of World Liberty, expects the protocol to drive greater adoption of their USD1 stablecoin, which has grown to roughly $3.4 billion in market value since its launch last year, per CoinGecko.
World Liberty plans to expand its collateral options over time, potentially including real-world assets, Bloomberg reported. The firm is developing tokenized commodities, crypto debit cards, and exploring tokenized real estate.
The company, which has recently applied to become a national stablecoin-focused bank, plans to launch its WLFI app later this year, incorporating lending functionality.
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Zach Witkoff, CEO of World Liberty, expects the protocol to drive greater adoption of their USD1 stablecoin, which has grown to roughly $3.4 billion in market value since its launch last year, per CoinGecko.
World Liberty plans to expand its collateral options over time, potentially including real-world assets, Bloomberg reported. The firm is developing tokenized commodities, crypto debit cards, and exploring tokenized real estate.
The company, which has recently applied to become a national stablecoin-focused bank, plans to launch its WLFI app later this year, incorporating lending functionality.
About Author
