World Liberty Financial has launched a new lending-and-borrowing platform, World Liberty Markets, aimed at expanding adoption of its USD1 stablecoin and WLFI token as competition intensifies in the stablecoin and decentralized finance sector.
- The new platform allows users to lend and borrow digital assets, including USD1, WLFI, Ether, tokenized Bitcoin, and leading stablecoins USDC and USDT.
- World Liberty Markets debuted Monday and is powered by Dolomite, a crypto lending and borrowing protocol.
- USD1 has reached a reported $3.4 billion market value since its launch last year.
- The company plans to add new collateral types over time, including potential real-world assets.
- A mobile app with integrated lending features is expected later this year, alongside plans for a debit card tied to the stablecoin.
- The firm is also seeking a U.S. bank charter to expand USD1 operations and target institutional users.
Relevant Companies
- Coinbase ($COIN) — Operates major crypto trading and custody platforms that could see increased stablecoin lending activity.
- Block ($SQ) — Through its crypto and payments ecosystem, may be affected by broader stablecoin usage in financial services.
- Visa ($V) — Actively integrates stablecoin settlement tools that could intersect with expanded lending and payment use cases.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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