WLFI Launches USD1 Stablecoin on BNB Chain
World Liberty Financial (WLFI), associated with Donald Trump, has deployed a USD1 stablecoin on the BNB Chain. While on-chain data confirms the launch approximately 20 days prior, WLFI has yet to issue an official announcement. This development follows reports (denied by Binance) of Trump family interest in Binance US and CZ seeking a presidential pardon.
USD1 Stablecoin Deployment on BNB Chain
On-chain data, accessible via BscScan, reveals the USD1 stablecoin issuance. Test transactions involving market maker Wintermute suggest the stablecoin is currently in its testing phase. The lack of an official announcement from WLFI raises questions about the project's strategy.
Binance CEO Changpeng Zhao (“CZ”) acknowledged the deployment on his social media, welcoming WLFI to the BNB Chain ecosystem. He also noted the 20-day timeframe since the smart contract's deployment. The connection, if any, between this launch and reported discussions between the Trump family and Binance remains unconfirmed.
BNB Chain's $100 Million Liquidity Program
Simultaneously, BNB Chain launched a $100 million permanent liquidity program aimed at boosting its ecosystem. This initiative incentivizes exchanges to list BNB Chain tokens, thus enhancing on-chain liquidity and supporting project growth across various sectors, including memecoins, AI, DeFi, and gaming. The program distributes rewards on a first-come, first-served basis.
The program categorizes exchanges into tiers (T1, T2, T3), with varying reward amounts. Tier 1 exchanges (Binance, Coinbase, and Upbit) can receive up to $500,000, while Tier 2 and Tier 3 exchanges receive up to $250,000 and $50,000 respectively, per token listing.
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