Stakestone is partnering with Trump’s World Liberty Financial (WLFI) to provide cross-chain liquidity support for USD1 Stablecoin. USD1 users also benefit from the company’s sustainable yields.
This partnership removes the need for bridges, packaging, or waiting periods when moving cross-chains for USD1 tokens. Stakestone did not specify which blockchains to support this support, but it has integrated over 20 blockchains.
Stakestone is affiliated with WLFI
World Liberty Financial, linked to Trump’s family, shocked the world when it launched the dollar-backed USD1 that has attracted a lot of controversy.
Still, USD1 has proven to be a success, rapidly surpassing $2 billion in market capitalization and is currently looking for an infrastructure upgrade.
Thanks to our partnership with Stakestone, WLFI’s Stablecoin will now enjoy improved cross-chain liquidity.
But what is Stakestone? This decentralized omnichine liquidity infrastructure protocol became prominent as a liquid staking pool last year.
This allows users to wager assets and earn yields while maintaining their ability to utilize these assets in various Defi protocols. There are five tokens in the ecosystem, primarily supporting interaction with ETH and BTC.
Stakestone has been integrated with over 20 blockchains and 100 protocols, making this characteristic particularly attractive to WLFI. The announcement of the pair’s partnership does not directly refer to USD1 staking, but that is not the main attraction.
Instead, Stakestone’s cross-chain infrastructure allows USD1 users to easily move across multiple blockchains.
Both companies kept most of the specific information in a wrap, but some key components are clearly visible. WLFI users will benefit from Stakestone’s Stone. This is a Stakestone stone.
USD1 transactions can now employ seamless, fluid cross-chain operations of Stone without the need for bridges, packaging or waiting periods.
Stakestone’s infamy grew last year, but this WLFI partnership could make it much more. The company’s TVL is around $2 billion, roughly the same as the market capitalization of USD1 after a month on the market.
WLFI’s Stablecoin, in its aspect, acquires real ease of use and negative fluidity and flexibility. The parties are standing to effectively profit from this transaction.
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