Donald Trump’s World Liberty Financial (WLFI) Has Again Made a Big Move in the Crypto Space

This time, the DeFi project looks to have deployed a stablecoin on the BNB Chain. Binance’s former CEO, Changpeng Zhao, also reacted to this development and welcomed WLFI aboard.

Donald Trump's World Liberty Financial (WLFI) has again made a big move in the crypto space. This time, the DeFi project looks to have deployed a stablecoin on the BNB Chain. Binance's former CEO, Changpeng Zhao, also reacted to this development and welcomed WLFI aboard.

World Liberty Financial Launches Stablecoin On BNB Chain

Onchain data indicates that World Liberty Financial has issued a stablecoin on the BNB chain named USD1. The token still looks to be in the testing phase, with market maker Wintermute among those who have carried out test transactions.

Onchain data also shows that the stablecoin launched twenty days ago. However, it is unclear why there hasn't been an official announcement from WLFI if, indeed, the DeFi project deployed the token.

While World Liberty Financial has yet to announce this development, Binance founder Changpeng "CZ" Zhao reacted to this and welcomed the DeFi project aboard the top layer-1 network. CZ also noted that the smart contract was deployed 20 days ago.

Interestingly, this move comes amid reports that Donald Trump's family is eyeing a stake in Binance US and that CZ is seeking a pardon from the US president. But the Binance founder has since denied these reports. As such, there may be no connection between these developments.

BNB Chain Launches Liquidity Program

Amid World Liberty Financial's supposed stablecoin issuance, the BNB Chain has launched a $100 million permanent liquidity program. The network remarked that this initiative aims to "further enhance its ecosystem's liquidity and foster project growth."

To achieve this goal, the BNB Chain is incentivizing exchanges to list native BNB Chain tokens, which will in turn strengthen on-chain liquidity and solidify market foundations.

This round of liquidity support will cover all sectors, including meme, AI, DeFi, gaming, and more. Moreover, rewards will be distributed on a first-come, first-served basis to projects that meet the criteria.

One of the criteria is the exchange that lists the token. BNB categorized the exchanges into T1, T2, and T3. T1 includes top crypto exchanges Binance, Coinbase, and Upbit. Tokens that achieve listings on these exchanges will receive up to $500,000.

On the other hand, tokens listed on T2 and T3 exchanges will receive up to $250,000 and $50,000, respectively.