Dolomite Powers World Liberty Markets to Expand USD1 Utility in DeFi

World Liberty Financial has launched World Liberty Markets, a digital asset lending and borrowing protocol powered by Dolomite, to expand the utility of its USD1 stablecoin. The platform supports USD1, WLFI, ETH, cbBTC, USDC, and USDT, allowing users to supply and borrow digital assets through Dolomite's infrastructure. This marks a strategic step for USD1, which now has over $3 billion in circulating supply, and aligns with World Liberty Financial's broader roadmap to expand the stablecoin's functionality.

World Liberty Financial has launched a new DeFi product, World Liberty Markets, which leverages Dolomite's infrastructure to provide on-chain lending and borrowing capabilities. The platform is the first in a series of planned offerings aimed at enhancing the utility of USD1, a stablecoin backed by U.S. dollars. The stablecoin has gained traction with a growing supply and increasing adoption across exchanges. The platform currently supports USD1 alongside major crypto assets such as ETH and USDC. By enabling users to supply these assets as collateral and borrow others, the product aims to deepen USD1's role in the DeFi ecosystem.

The introduction of World Liberty Markets is part of an ambitious roadmap for the Trump family-backed firm. This includes the development of a mobile application, tokenized real-world assets, and card-based solutions for USD1. The company also plans to apply for a U.S. national trust bank charter, which would allow it to issue and custody USD1 directly under federal supervision. This step could enhance the regulatory clarity and institutional appeal of the stablecoin. World Liberty Financial's CEO emphasized that the platform is a major milestone in the firm's product development and reflects its commitment to democratizing DeFi tools for a broader audience.

World Liberty Markets is not the only initiative aimed at expanding USD1's utility. The firm has also launched a trust bank application to the OCC, which would provide additional services such as stablecoin conversion and custody. This move positions USD1 as a settlement instrument rather than just a trading asset. The company's strategy aligns with broader trends in the crypto industry, where firms are increasingly seeking federal charters to operate with greater transparency and regulatory compliance. The launch of World Liberty Markets coincides with these efforts, marking a step toward making digital U.S. dollar stablecoins more functional and accessible.

How Does World Liberty Markets Expand USD1's Utility?

World Liberty Markets provides users with the ability to deploy USD1 as both a lending and borrowing asset. This functionality is powered by Dolomite, a DeFi protocol known for its infrastructure in the lending and borrowing space. By allowing users to collateralize USD1 and other major crypto assets, the platform introduces new use cases for the stablecoin beyond its role as a store of value. Users can now earn yield by supplying USD1 or access liquidity by borrowing against their crypto holdings. This aligns with the broader trend of DeFi platforms offering yield-generating opportunities to institutional and retail users alike.

The platform supports a range of collateral assets, including WLFI governance tokens, Ether, tokenized Bitcoin, USDC, and USDT. This flexibility enhances the appeal of World Liberty Markets to a diverse range of users, from DeFi enthusiasts to traditional finance participants. The inclusion of major stablecoins and tokens ensures compatibility with existing DeFi protocols and ecosystems. Furthermore, the platform's integration with Dolomite's infrastructure offers a secure and trusted environment for digital asset lending and borrowing.