WLFI surges 10% after Apex stablecoin deal, outperforming BTC and ETH
The Trump-affiliated token rose on news that a $3.5 trillion asset servicer will pilot USD1, while BTC and ETH continue to trade near multi-week lows.
What to know:
WLFI, the token linked to Trump-affiliated World Liberty Financial, jumped about 10% after a $3.5 trillion asset servicer said it would pilot the firm's USD1 stablecoin as a settlement rail for tokenized funds.
At a World Liberty Financial forum at Mar-a-Lago, Sen. Bernie Moreno and Coinbase CEO Brian Armstrong urged swift passage of a U.S. crypto market structure bill, arguing clear rules are essential for maintaining American leadership in financial innovation.
World Liberty Financial co-founder Zak Folkman pitched USD1 as an institutional-grade stablecoin for real-world settlement, cross-border payments and future AI-driven commerce, with real-time on-chain proof of reserves and plans to expand beyond the U.S.-Mexico corridor to as many as 40 currencies.
