WLFI Moves $775K for Altcoin Investments
World Liberty Financial Invests $775,000 in Altcoins
World Liberty Financial (WLFI) recently made a significant investment in altcoins. On Thursday, $775,000 in USDC was transferred from its primary wallet to a secondary wallet dedicated to altcoin purchases, as confirmed by Arkham Intelligence data. This follows previous acquisitions of over 3.54 million Mantle (MNT) on March 23rd and $4 million in MNT and AVAX the week before.
Expanding Crypto Portfolio and Blockchain Partnerships
WLFI's diversified portfolio currently includes nine digital assets, showcasing a strategic approach to blockchain technology. These assets include Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), MOVE (MOVE), Ondo (ONDO), and Sei (SEI). This move underscores WLFI's commitment to exploring various blockchain opportunities.
The company's recent partnership with the Sui blockchain further highlights its commitment to innovation. WLFI plans to integrate Sui's technology into its ecosystem and develop next-generation decentralized finance applications. As part of this collaboration, WLFI intends to add Sui tokens to its "Macro Strategy" reserve.
WLFI's Stablecoin Initiative
WLFI is also actively developing its own stablecoin, USD1. Designed for institutional and sovereign investors, USD1 will be redeemable one-to-one for US dollars. Backed by US government treasuries, dollar deposits, and cash equivalents, USD1 will launch on Ethereum and Binance Smart Chain, with custody services provided by BitGo. The project has already conducted test transfers, demonstrating its functionality and readiness for launch.
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