World Liberty Financial Enters Crypto Lending with USD1 Stablecoin

World Liberty Financial, a decentralized finance project associated with the family of US President Donald Trump, has entered the cryptocurrency lending market with the launch of World Liberty Markets. This new platform allows users to borrow and lend digital assets, primarily utilizing USD1, World Liberty’s US dollar-backed stablecoin, which currently boasts a market capitalization of $3.4 billion. Collateral accepted includes Ether (ETH), tokenized Bitcoin (BTC), and major stablecoins like USDC and USDT, with plans to potentially add tokenized real-world assets (RWAs) later. This move follows World Liberty’s application for a national trust bank charter with the OCC. The re-emergence of crypto lending is noted amid clearer regulatory frameworks, as investors seek liquidity without selling holdings, contrasting with past centralized failures by emphasizing transparency and onchain risk controls.

(Source：Cointelegraph)