World Liberty Financial has launched a new decentralised lending and borrowing platform called World Liberty Markets to expand the use of its USD1 stablecoin.
The platform allows users to earn yield on deposited assets or borrow against their portfolios using stablecoins, Ethereum and wrapped Bitcoin.
World Liberty Markets is powered by the multi-chain decentralised exchange protocol Dolomite.
Supported assets include the firm’s governance token WLFI, USD1, USDC, USDT, Ethereum and Coinbase’s wrapped Bitcoin token cbBTC.
WLFI Markets is built to support the future of tokenised finance by providing access to third party and WLFI-branded real-world asset products,” the company said in a post on X.
Since launching, the platform has attracted about $20 million in supplied assets, with USD1 accounting for the largest share.
USD1 suppliers are offered incentive rates of up to 27% alongside rewards points for qualifying deposits.
A year ago, we set out to build a stablecoin that could compete with the biggest names in crypto, and USD1 has exceeded every expectation.
Zak Folkman said.
The platform currently operates as a web application and is expected to integrate with the WLFI mobile app in the future.
World Liberty Financial, which is backed by US President Donald Trump and his family, applied last week for a national bank charter in the United States.
At the time of reporting, World Liberty Financial price was $0.1697.