StakeStone and WLFI Link Up to Boost USD1 Cross-Chain Use

By: crypto news flash|2025/05/10 15:15:04
0
Share
copy
StakeStone enables seamless cross-chain support for USD1 without wrapping or bridges through a direct integration with WLFI.WLFI gains traction through institutional deals, community airdrops, and blockchain partnerships across multiple countries.World Liberty Financial Inc. (WLFI) continues to move fast. After announcing expansion plans and strong political influence, they have now officially partnered with StakeStone to strengthen the stability and liquidity of the USD1 stablecoin.This collaboration allows USD1 to move between blockchain networks without a complicated wrapping process or a bridge that is vulnerable to security holes.The StakeStone x @worldlibertyfi integration is now live.$USD1 meets omnichain liquidity.Users can now move between chains, earn sustainable yield, and access capital — all without being locked in.It's fast, flexible, and finally user-first. pic.twitter.com/XVou7f43NP— StakeStone (@Stake_Stone) May 9, 2025Making USD1 Useful Anytime, AnywhereBehind this move, there is one simple goal—to make the USD1 stablecoin easily usable in any DeFi ecosystem. Imagine if you have a stablecoin, but you have to go around to change networks. Well, collaborating with StakeStone cuts out all that process.This protocol is already connected to more than 20 blockchain networks and hundreds of other protocols. So, instead of your tokens being stuck on one network, USD1 can be used flexibly, anytime, anywhere.Furthermore, StakeStone’s advantage lies in the way they maintain yields while still providing liquidity. They have a STONE token that is designed so that its owners can continue staking without losing access to funds. That way, USD1 users can earn returns while still being able to use their tokens. So, it’s not just about mobility, but also about asset productivity.WLFI Gets Institutional Push but Faces Tough ScrutinyOn the other hand, on April 16, investment company DWF Labs has poured $25 million to buy WLFI tokens in a private transaction. DWF will also act as a liquidity provider for USD1, and even plans to open an office in New York.And speaking of institutions, WLFI also announced that MGX, an investment company backed by the Abu Dhabi government, will use USD1 to complete a $2 billion investment in Binance. This big transaction has raised eyebrows among many parties. Not because of the technicalities, but because of the involvement of the Trump family behind WLFI.Given that Donald Trump is also currently serving as US President, some have begun to question whether this could create a conflict of interest.However, on the other hand, community support continues to grow. On May 7, WLFI proposed an airdrop of USD1 to WLFI token holders. The community vote was almost unanimous—99% approved. The plan is that the voting will end on May 14, and the amount of tokens distributed is still calculated based on the number of eligible wallets. Not only to give appreciation, this airdrop will also be used as a trial of their distribution system.Another addition comes from the CNF report, which highlights WLFI’s collaboration with the Pakistan Crypto Council. The two signed a Letter of Intent on April 27 to encourage the use of stablecoins, blockchain innovation, and the expansion of DeFi in Pakistan.This is interesting, considering that the council was only established last month and immediately involved Binance CEO Changpeng Zhao as an advisor.

You may also like

a16z Crypto: What We See Behind the $2.2 Billion New Fund

After the noise subsides, what remains is often more useful than it appeared at its peak and more enduring than it seemed at its lowest point.

Web3 is dead, Web2+3 should rise

We are not aiming to hold a self-indulgent party for Web3 practitioners, but rather to build a bridge for rational connection between Web2 and Web3.

Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market

In the Latin American remittance market, the real protagonists have never been the young people speculating on cryptocurrencies, but rather the 50-year-old workers who send money to their mothers every month. They don't care about blockchain; they only care about whether the money has arrived.

The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets

Hong Kong judiciary landmark: The court officially recognizes cryptocurrency as legal property and introduces the "tokenized injunction" to track and freeze involved funds, comprehensively upgrading the protection of digital asset investors.

Track Markets At a Glance: New WEEX Price Widgets for iOS & Android

To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets

The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance

Warning of nearly $1 billion loss in DeFi: Security pain points have shifted from code vulnerabilities to permissions and operations. Introducing TradFi bank-level risk control and AI defenses is the way to balance openness and security.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com