Trump-backed World Liberty Financial partners with Spacecoin on USD1 satellite DeFi

World Liberty Financial, a crypto project associated with Donald Trump's family, has formed a strategic partnership with satellite startup Spacecoin to investigate combining decentralized finance (DeFi) with space-based internet connectivity. The collaboration, which includes an undisclosed token swap, aims to extend financial services, particularly using World Liberty Financial's USD1 stablecoin, to populations underserved by traditional banking. Zak Folkman, co-founder of World Liberty Financial, stated the goal is exploring payments and settlement in environments where traditional financial rails are limited. Spacecoin is developing a low-Earth orbit satellite network, having recently launched three satellites, positioning its infrastructure as a decentralized physical network alternative to terrestrial broadband. This move follows World Liberty Financial's expansion into crypto lending and its recent memorandum of understanding with Pakistan regarding USD1 applications for payments and remittances.

(Source：The Block)