WLFI expands the reach of its USD1 stablecoin by deploying it on AB Chain, an integration aimed at leveraging the network’s high throughput for faster settlements and deeper DeFi liquidity.
Summary
- WLFI deployed its USD1 stablecoin on AB Chain to enhance settlement speed and DeFi liquidity.
- USD1, launched in March, is fully backed 1:1 by U.S. dollars and government money market funds.
According to a press release dated Nov. 13, the Trump family’s World Liberty Financial has technically deployed its USD1 stablecoin on the AB Chain. This integration, developed in collaboration with the AB Chain team, enables users to transact with the dollar-pegged asset utilizing AB’s underlying architecture.
The partnership also deepens the integration, with the native AB Wallet planning to support zero-fee USD1 transfers and exploring future yield-generating services tied to the stablecoin.
WLFI broadens USD1 stablecoin footprint
WLFI first launched USD1 in March of this year, initially supporting only Ethereum and BNB Chain. The stablecoin, which is backed 1:1 by U.S. dollars and government money market funds and features monthly attestation reports, has since grown to a market capitalization of $2.81 billion.
Its availability on major exchanges like Binance and Bybit, alongside decentralized protocols such as Uniswap and PancakeSwap, has been central to its adoption strategy.
Notably, WLFI’s aggressive growth trajectory has accelerated significantly in recent weeks. Just days before the AB Chain announcement, the Trump-backed digital asset venture integrated USD1 into the StableStocks ecosystem, enabling users to trade nearly 200 tokenized U.S. stocks and ETFs directly with the stablecoin.
Prior to that, the company unveiled a points program on the Dolomite protocol, incentivizing users to supply USD1 in a bid to boost its DeFi utility. This operational build-out extends to its legal team, with the late October hiring of Mack McCain, a former Robinhood and Charles Schwab legal executive, as its new General Counsel.
However, WLFI’s swift ascent has been complicated by serious allegations from prominent investors. The platform is currently facing backlash for allegedly freezing investor funds. Ethereum developer Bruno Skvorc publicly alleged that his tokens were locked after his wallet was labeled “high risk,” a situation he described as “theft” and a “mafia-style” setup.
The controversy escalated when Tron founder Justin Sun revealed that his $75 million stake in WLFI was also frozen, calling the action “unreasonable” and a contradiction of blockchain’s core principles. Blockchain analyst ZachXBT suggested that automated compliance systems, triggered by past interactions with platforms like Tornado Cash, may be responsible for the lock-ups.
