World Liberty Financial Inc. (WLFI) is set to launch USD1, a new stablecoin tailored for institutional use. Pegged 1:1 to the US dollar, USD1 will be fully backed by short-term US government treasuries and cash equivalents. Initially launching on Ethereum and Binance Smart Chain, USD1 aims to ensure transparency with reserves custodied by BitGo and audited by third-party firms. Read more: https://thedefiant.io/news/defi/world-liberty-financial-to-launch-institutional-ready-stablecoin-usd1?utm_source=X&utm_medium=Organic_Social