World Liberty Financial Inc. (WLFI), a crypto company linked to the Trump family, has teamed up with Re7 Capital from London. Together, they want to grow WLFI’s USD1 stablecoin on Binance’s BNB Chain. This new deal aims to make USD1 more popular and used around the world.
According to the report, Re7 Labs, the tech team of Re7 Capital, will work with WLFI to launch a stablecoin vault on DeFi platforms such as Euler and Lista. The vault is designed to make it easier and safer for both normal crypto users and big companies to use the USD1 stablecoin.
This partnership is supported by VMS Group, a family investment group from Hong Kong, who has given up to $10 million to support this plan. This is the first time VMS is investing in crypto.
Evgeny Gokhberg, founder of Re7 Capital, said the deal “aims to create a more stable and efficient DeFi system.” He added that this partnership will make both crypto experts and regular investors more confident with using stablecoins.
Meanwhile, Big investors from the Middle East are also joining in. Just yesterday, Aqua 1 Foundation from the UAE bought $100 million worth of World Liberty tokens. This makes Aqua 1 the biggest investor in the project. It even passed Justin Sun, a famous crypto entrepreneur who advises WLFI.
Earlier, in May, a company called MGX, linked to Abu Dhabi’s government fund, used the USD1 stablecoin to make a $2 billion investment on Binance. This shows the stablecoin is already part of big money deals.
WLFI is focusing on Binance’s BNB Chain because it is one of the most popular blockchains in the world. By using this platform, WLFI wants more people and businesses to use USD1.
Notably, the US Securities and Exchange Commission (SEC) has taken steps to pause its lawsuit against Binance. SEC and Binance’s founder, Changpeng Zhao, filed a request to stop the case for now, easing regulatory pressure on the industry.
These moves show World Liberty Financial is growing fast and reaching markets in Europe, Asia, and the Middle East. The companies did not share many money details about the deal.
