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Trump-Linked WLFI Sparks Buzz With AVAX, SEI, MOVE Collateral Move
By: cryptofrontnews|2025/05/08 01:45:02
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WLFI deepens its DeFi strategy by minting 2.05M USDf using AVAX, SEI, and MOVE as collateral on Falcon Finance.USD1 becomes the fastest-growing stablecoin, hitting $2.125B after a $2B Binance-MGX deal and HTX exchange listing.With nearly 99% of USD1 supply on BSC and expansion plans underway, WLFI pushes for wider adoption and chain integration.According to Lookonchain, Trump-affiliated crypto project World Liberty Financial (WLFI) has ignited fresh interest with a major move into Falcon Finance. WLFI deposited $2.06 million in AVAX, $1.17 million in SEI, and $1.28 million in MOVE to mint 2.05 million USDf. This action comes as WLFI continues expanding its stablecoin influence. The deposit positions WLFI deeper into DeFi lending and minting mechanics. The move reveals increasing commitment toward backing stablecoin liquidity with strong collateral.Besides the Falcon minting, WLFI has launched a new airdrop proposal for USD1 stablecoins. This offer targets early WLFI token holders and runs until May 14. The vote has already seen 99.97% approval. The plan aims to test WLFI's smart contract system in a live environment. Hence, the test doubles as a way to reward the project’s earliest supporters.USD1 Stablecoin Gains Traction RapidlyLaunched in March 2025, USD1 has exploded in valuation, hitting $2.125 billion. Moreover, it now ranks as the seventh-largest stablecoin. This remarkable growth makes it the fastest-growing stablecoin in crypto history.Binance and MGX chose USD1 to complete a $2 billion investment deal. This decision, revealed at Token2049 Dubai, caused a sharp spike in USD1 demand. WLFI co-founder Zach Witkoff’s announcement propelled USD1 beyond the $2 billion mark.Currently, USD1 operates on Ethereum and Binance Smart Chain (BSC). However, nearly 99% of its 2.113 billion tokens live on BSC. Ethereum hosts only 14.49 million coins. This distribution highlights BSC’s dominance in early USD1 adoption.HTX Lists USD1, Boosting VisibilityAdditionally, HTX (formerly Huobi) listed USD1 on May 6, offering zero-fee trading for the USD1/USDT pair. This fee-free incentive runs until December 31, 2025. Before HTX’s move, users could only access USD1 via decentralized platforms like Uniswap and PancakeSwap.Consequently, the listing adds credibility and improves liquidity for the stablecoin. Moreover, it signals broader institutional support.However, WLFI isn’t stopping here. The team plans to expand USD1 across more chains, strengthening its cross-chain appeal. WLFI’s aggressive DeFi maneuvers, combined with its strong political affiliations, ensure growing market attention.The post Trump-Linked WLFI Sparks Buzz With AVAX, SEI, MOVE Collateral Move appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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