The asset management giant Apex Group, with $3.5 trillion AUM, announced that WLFI's stablecoin USD1 will be used in their investor blockchain settlement system. According to the disclosure, in the past, investors of asset management companies faced slower settlement times when buying into funds, redeeming shares, or receiving dividends due to traditional fiat currency and banking processes. They believe stablecoins could be faster and cheaper. So, they've decided to test the waters with the USD1 stablecoin to see how it works. If the response is overwhelmingly positive, the asset management company might fully integrate stablecoin payments into traditional fund operations, enabling institutional investors to move large sums of money more quickly. Following this collaboration news, WLFI's price saw a short-term spike in the market last night. This is one of the few recent positive developments where a traditional asset management company is exploring large-scale adoption of stablecoins.