Dolomite Powers DeFi Platform for World Liberty Financial to Expand USD1 Utility

• World Liberty Financial, a crypto project supported by U.S. President Donald Trump, has launched World Liberty Markets, a DeFi platform built on Dolomite's infrastructure.
• The platform enables users to lend and borrow digital assets using USD1, the project's dollar-backed stablecoin, alongside major tokens like ETH, USDC, and USDT.
• USD1 has grown to a market capitalization near $3.5 billion, and the platform aims to expand the stablecoin's utility within decentralized finance (DeFi).

World Liberty Financial has launched its first DeFi web application, World Liberty Markets, which allows users to deploy USD1 or use other assets directly onchain. The platform represents a major step forward in expanding USD1's utility and integrating it into live DeFi markets.

The launch is part of a broader strategy to increase USD1's real-world use and adoption. The firm has proposed using $120 million from its treasury to boost USD1 adoption, a move currently under governance vote by WLFI token holders. Additionally, World Liberty Financial has applied for national trust bank status in the United States to issue and redeem USD1 and provide custody services.

What is the significance of USD1's DeFi integration?

USD1's integration into DeFi represents a strategic expansion of the stablecoin's utility. The platform allows users to earn rewards via a USD1 Points Program by depositing the stablecoin. By expanding into DeFi, World Liberty Financial aims to deepen USD1's integration into the broader crypto ecosystem.

The DeFi platform also seeks to attract a broader user base by leveraging onchain credit options and expanding USD1's use cases beyond payments and treasury operations.