WLFI and Chainlink Join Forces to Make USD1 Interoperable

World Liberty Financial (WLFI), the decentralized finance (DeFi) protocol co-founded by Zak Folkman and the Trump family, is changing how stablecoins move across blockchains. WLFI has partnered with Chainlink and its Cross-Chain Interoperability Protocol (CCIP) to unlock new possibilities for its fast-growing stablecoin, USD1. This upgrade could make USD1 one of the most important stablecoins in decentralized finance. USD1 Now Works Across Blockchains With Chainlink’s Help USD1 was launched only a few months ago, but it already has a market value of over $2 billion , which puts it among the top five stablecoins. Before now, it worked only on the Ethereum (ETH) and BNB Chain blockchain networks. However, with Chainlink’s CCIP, USD1 can move safely between these blockchains. This means more users and developers can now use the stablecoin without being limited to one blockchain. Notably, WLFI is not stopping with Ethereum and BNB Chain. The crypto project leaders are planning to add USD1 to more networks soon. Cross-chain transfers are seen as risky because many bridges lack strong security. Reports show over $3 billion has been stolen through unsafe bridges recently. However, Chainlink’s CCIP aims to solve this problem. The platform is designed to help users move assets safely and with more trust. Chainlink Could Boost WLFI USD1 Market Value Chainlink is known for providing safe and reliable services in the crypto industry. Many projects use their tools for price data and security. Now, WLFI, backed by DWF Labs, is using Chainlink’s CCIP to strengthen and secure USD1. This will help the stablecoin reach more users and attract big investors. Right now, USD1’s market value is still lower than that of top stablecoins like Tether (USDT) and USDC, which are worth about $151 billion and $60.6 billion, respectively. However, this new upgrade allowed USD1’s market cap to grow faster. Since it can now work on more blockchains, more developers and users can build with it and use it in DeFi apps, giving USD1 a bigger chance to expand in the market. WLFI and Chainlink have worked together before, providing price data for WLFI’s Aave v3 setup. This new upgrade is a more significant step, making USD1 ready for use by large companies and financial firms. At the same time, WLFI plans to introduce a USD1 airdrop to reward early users and test the network’s ability to handle high traffic. Impressively, 99.96% of users have supported the idea. Clear Regulation Could Help Stablecoins Grow In the U.S., Congress discusses how to regulate crypto bills like the GENIUS Act. This new law, introduced by Senator Bill Hagerty, aims to boost stablecoin adoption by giving it legal support. Recently, Coinbase CEO Brian Armstrong has called for fair crypto rules . Armstrong says the current stablecoin bills are unfair and could hurt crypto innovation. The post WLFI and Chainlink Join Forces to Make USD1 Interoperable appeared first on TheCoinrise.com .

Source: The Coin Rise