WLFI plans to launch a stablecoin for institutions, USD1
ChainCatcher news, World Liberty Financial plans to launch an institutional stablecoin USD1.
The stablecoin can be exchanged 1:1 for US dollars and will be 100% backed by short-term U.S. government bonds, dollar deposits, and other cash equivalents. It will initially be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with plans to expand to other protocols in the future. It is reported that the USD1 reserves will be custodied by BitGo.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
