World Liberty Financial Enters Crypto Lending Market with USD1 Stablecoin:-🔥🔥💥💥🚀🚀
Key Events
- USD1 Reaches $3.5 Billion in Circulating Supply: World Liberty Financial’s USD1 stablecoin has breached $3.5 billion in circulating supply with a market capitalization of approximately $3.48 billion.
- Lending and Borrowing Platform Launched. World Liberty Financial has introduced World Liberty Markets, a lending and borrowing platform where people borrow and lend digital assets based on USD1 collateral.
- Dolomite-Powered Infrastructure: The infrastructure on which the platform operates relies on Dolomite, a decentralized lending as well as margin trading platform.
Features and Benefits - Collateral Options: Users can deposit collateral, which may be Ether, Bitcoin tokens, or prominent stable currencies such as USDC and USDT.
- On-Chain Marketplace
The platform also comes with an on-chain marketplace where users can lend and borrow digital assets. - Rewards Programe: Persons contributing with USD1 are eligible to benefit from the points reward system inherent within the project.
Market Context- On-Chain Credit Momentum:
The lending sector has come at a moment when on-chain credit has picked up momentum, as crypto-collateralized lending has reached an all-time high of 73.59 billion.
- DeFi Lending Market Growth: The DeFi lending market contributed about $40.99 billion to the overall lending market, with close to a 55% increase in the current quarter.
Future Outlook- Regulatory Engagement: World Liberty Financial has confirmed that its trust entity has submitted an application for a U.S. national banking charter with the Office of the Comptroller of the Currency. - Partnerships and Collaborations: The company has recently been looking into partnerships and collaborations that will enable the further use of the value of the USD1.
