World Liberty Monetary (WLF), the decentralized finance (DeFi) protocol related to U.S. President Donald Trump and his household, is working with Re7 Labs to determine a vault for its USD1 stablecoin on lending platforms Euler and Lista, the businesses stated in a press release Friday.
The transfer is a part of World Liberty’s broader initiative to scale USD1 throughout Binance’s BNB Chain, a blockchain identified for its low transaction prices and high-speed infrastructure. The stablecoin is positioned as a dollar-pegged digital asset designed to be used inside DeFi ecosystems.
Re7 Labs, an arm of London-based DeFi hedge fund Re7 Capital, is taking part in a key function within the effort. Simply final week, Re7 Labs disclosed it could obtain as much as $10 million from Hong Kong-based VMS Group. The household workplace, which oversees roughly $4 billion in belongings, is making its first foray into crypto with the funding.
“This collaboration displays a shared dedication to constructing the subsequent technology of DeFi infrastructure — the place stability, transparency and capital effectivity converge,” stated Evgeny Gokhberg, founding father of Re7 Capital, stated within the assertion. “Working alongside World Liberty, Euler and BNB Chain, we’re advancing a mannequin for stablecoin adoption that meets the expectations of each crypto-native and institutional customers.”
Euler and Lista are decentralized lending platforms that allow customers to borrow and lend digital belongings utilizing good contracts. The addition of a USD1 stablecoin vault to those platforms might make it simpler for merchants and establishments to entry dollar-pegged liquidity inside the DeFi setting.
