Trump’s New Sidekick: Crypto Lending Meets Dollar-Backed Madness!

by

In a stunning twist of fate, the Trump-linked World Liberty has launched a crypto lending platform, proving that even in the digital realm, the old money still holds sway. Amidst the rising onchain credit demand, they’re expanding their USD1 stablecoin usage, which is like trying to put a square peg in a round hole… but with more emojis. 🧠🤯

World Liberty Financial, ever the trailblazer, has entered the crypto lending market, where onchain credit demand is showing renewed momentum. The launch is a testament to improving regulatory clarity-though ‘improving’ might be a stretch in this context. It also adds real-world use for their ever-expanding ecosystem of stablecoins, which, let’s be honest, are just digital dollar bills with a side of confusion. 🤯💸

World Liberty Unveils Crypto Lending Platform: The USD1 Adventure Begins 🚀

According to Bloomberg, World Liberty Markets started on Monday as a web-based onchain lending platform. Users can now borrow and lend digital assets in a single marketplace. The service is based on USD1, the firm’s US dollar-backed stablecoin. It’s like a digital version of a lemonade stand, but with more crypto and less actual lemons. 🍋💸

World Liberty Financial, the Miami-based crypto startup which says President Donald Trump is “co-founder emeritus,” is launching a new product aimed at expanding usage of its stablecoin

– Bloomberg (@business)

World Liberty Financial, a Miami-based crypto startup with ties to the Trump family, has Trump as “co-founder emeritus” in project disclosures. This has attracted a lot of market and political attention, which is surprising given the lack of actual innovation. 🚀🔥

Related Reading: Crypto News: WLFI Moves Toward U.S. Trust Bank Status for USD1 Stablecoin| Live Bitcoin News 🤝💰

The platform integrates World Liberty’s governance token – WLFI, along with major crypto assets. Collateral supported: Ether, tokenized Bitcoin, USDC, and USDT. Meanwhile, infrastructure support is offered by onchain protocol Dolomite. It’s the DeFi equivalent of a one-stop shop, but with more blockchain and less actual shops. 🛍️ blockchain

Importantly, users can post collateral and access liquidity without having to leave the platform. As a result, the marketplace is aimed at streamlining the process of borrowing and lending activity. This design is part of wider trends towards integrated DeFi services. It’s like a digital convenience store, but with more crypto and fewer snacks. 🏭💸

World Liberty said the launch is its second major rollout of products. In the previous year, the firm came out with USD1. Since then, the stablecoin has exploded throughout crypto markets. It’s like a digital wildfire, but with more spreadsheets and fewer flames. 🔥📈

Based on project data, USD1 has grown to approximately $3.48 billion in market capitalization. Moreover, the total supply issued is in circulation. This scale puts USD1 into the list of the largest dollar-pegged stablecoins. It’s like a digital dollar bill that’s bigger than the real thing. 💸💰

Onchain Credit Makes a Comeback as World Liberty Expands Its Regulated Ambitions 🧐

The lending launch is happening as part of a broader recovery in on-chain credit activity. Therefore, there is an increasing demand by market participants for transparent and collateralized lending options. Analysts see this trend as a reaction to better signals from regulators. Maybe. 🤷‍♂️

World Liberty confirmed support of Lending and Borrowing WLFI and USD1 Tokens. Additionally, Ether, cbBTC, USDC, and USDT are available for use as collateral. Over time, additional assets might be added. It’s like a crypto buffet, but with more risk and fewer appetizers. 🍽️💸

Co-founder Zak Folkman told Bloomberg that future collateral can be tokenized real-world assets. Furthermore, the firm is looking into a collaboration with exchanges and prediction markets. These integrations are intended to increase the utility of the platforms. It’s all about increasing utility, which is a fancy way of saying ‘we need more users.’ 🤝📈

Regulatory alignment is a central area of strategy in the industry. Last week, World Liberty applied for a national trust bank charter. The application was filed with the US Office of the Comptroller of the Currency. Because nothing says ‘trust’ like a government office. 🏢🔐

As a result, the firm wants to more closely integrate with regulated financial infrastructure. This strategy might make the difference between World Liberty and purely decentralized competitors. It could also get institutional interest. Or it might just get more headlines. 📰📈

The company also plans on releasing a mobile application later this year. Therefore, access to on-chain lending services could increase dramatically. Management believes that usability improvements will drive adoption. Maybe. 📱🚀

But ownership structure still attracts criticism. World Liberty is owned in the majority by a Trump business entity. That entity reportedly gets a large portion of the revenues from token sales. It’s like a family business, but with more crypto and less actual family. 🏡💸

Overall, the idea behind the lending platform is to increase USD1’s real-world use. By using the ability to borrow and lend, World Liberty strengthens its stablecoin ecosystem. And, ultimately, the launch highlights growing institutional and retail interest in regulatory crypto lending. It’s a win-win… unless you’re a skeptic. 🤷‍♂️📈

Read More

2026-01-13 10:59