Donald Trump Jr. and Zach Witkoff Announce That USD1 Stablecoin Is Coming to Aptos (APT) Chain
World Liberty Financial’s ( WLFI ) stablecoin, USD1, is integrating with the layer-1 chain Aptos ( APT ).
The decentralized finance (DeFi) project’s co-founders, Donald Trump Jr. and Zach Witkoff, announced the integration, which begins on October 6th.
USD1, which aims to maintain a 1:1 peg with the US dollar, is already available on Ethereum ( ETH ), Solana ( SOL ), TRON ( TRX ), the BNB Smart Chain ( BNB ) and the real-world asset (RWA)-focused chain Plume ( PLUME ).
World Liberty’s native token, WLFI, launched public trading at the beginning of September.
A corporate entity linked to President Donald Trump and his family has slashed its equity stake in World Liberty over the course of the year.
The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in the DeFi project.
Fine print on the platform’s website now indicates DT Marks owns approximately 38% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial.
World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also says neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.”
However, the DeFi project’s website notes that DT Marks DEFI LLC and “certain family members of Donald J. Trump” hold 22.5 billion WLFI tokens.
WLFI is trading at $0.204 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
COAI Experiences Steep Price Drop: Opportunity for Contrarian Investors or Red Flag for Junior Gold Mining Stocks?
- COAI refers to both ChainOpera AI and junior gold miners' index, with this analysis focusing on the latter's market dynamics. - Junior gold miners (GDXJ ETF) fell 27% in six months amid dollar strength, inflation fears, and overbought conditions after a 128.8% rally. - Technical indicators show bearish signals: broken trend channels, negative volume balance, and RSI divergence, though long-term bull trends persist. - GDXJ's 163.9% surge outpaced gold bullion gains, creating valuation gaps, while ChainOpe
Silver Soars Amid Ideal Conditions of Policy Shifts and Tightening Supply
- Silver surged to $52.37/oz as Fed rate cut expectations (80% probability) and falling U.S. Treasury yields boosted demand for non-yielding assets. - China's record 660-ton silver exports and 2015-low Shanghai warehouse inventories intensified global supply constraints, pushing the market into backwardation. - Geopolitical risks (Ukraine war) and potential U.S. silver tariffs added volatility, while improved U.S.-China relations eased short-term trade concerns. - Prices face critical $52.50 resistance; Fe
XRP News Today: As XRP Declines, Retail Investors Turn to GeeFi's Practical Uses
- GeeFi's presale hits 80% of Phase 1 goal with $350K raised, targeting 3,900% price growth as XRP declines 20% monthly. - GEE's utility-driven features like crypto cards, multi-chain support, and 55% staking returns contrast with XRP's institutional dependency and shrinking retail base. - Deflationary tokenomics and 5% referral bonuses drive FOMO, positioning GeeFi as a 2026 crypto disruptor amid XRP's regulatory and adoption challenges.
Sloppy implementation derails MegaETH's billion-dollar stablecoin aspirations
- MegaETH abandoned its $1B USDm stablecoin pre-deposit plan after technical failures disrupted the launch, freezing deposits at $500M and issuing refunds. - A misconfigured Safe multisig transaction allowed early deposits, causing $400M inflows before the team scrapped the target, citing "sloppy execution" and operational misalignment. - Critics highlighted governance flaws, uneven access (79 wallets >$1M vs. 2,643 <$5K deposits), and 259 duplicate addresses, raising concerns about transparency and bot ac
Trending news
MoreCrypto prices
More
