World Liberty Financial launches a lending platform for its USD1 stablecoin

World Liberty Financial Unveils DeFi Platform for USD1 Stablecoin

World Liberty Financial, a crypto initiative supported by the family of U.S. President Donald Trump, has introduced its inaugural decentralized finance (DeFi) web application, World Liberty Markets. This new platform enables users to lend and borrow using the USD1 stablecoin, which is pegged to the U.S. dollar, as detailed in a recent press release.

Developed on the Dolomite DeFi protocol, the service allows participants to interact directly on the blockchain, with USD1 serving as the main asset for both lending and borrowing activities.

Following the launch, Dolomite’s native token, DOLO, experienced a 57% surge in value, while the WLFI token saw a 4.8% increase within two hours.

The platform supports a variety of collateral options, including the WLFI governance token, ether (ETH), coinbase wrapped bitcoin (cbBTC), as well as stablecoins USDC and USDT.

Last year, World Liberty Financial secured $590 million through the sale of its WLFI token, ranking it among the top ten largest crypto token sales in history.

Although the lending markets are still in their early stages, initial data suggests users can currently borrow USD1 at an interest rate of about 0.83% and lend it for a return of 0.08%. These rates are expected to fluctuate as trading volume increases.

World Liberty Financial described this launch as a significant step forward for USD1, expanding its practical use within the DeFi sector. According to reports, the stablecoin’s circulating supply has recently exceeded $3.4 billion.

Zak Folkman, co-founder and COO of World Liberty, commented that USD1 has outperformed all projections, and indicated that this lending market is just the beginning, with more products set to debut over the next year and a half.

The new platform also features a USD1 Points Program, which offers incentives to users who provide the stablecoin as liquidity. However, specific details regarding the program’s terms and eligibility have yet to be released.