Donald Trump Jr. and Zach Witkoff Announce That USD1 Stablecoin Is Coming to Aptos (APT) Chain
World Liberty Financial’s ( WLFI ) stablecoin, USD1, is integrating with the layer-1 chain Aptos ( APT ).
The decentralized finance (DeFi) project’s co-founders, Donald Trump Jr. and Zach Witkoff, announced the integration, which begins on October 6th.
USD1, which aims to maintain a 1:1 peg with the US dollar, is already available on Ethereum ( ETH ), Solana ( SOL ), TRON ( TRX ), the BNB Smart Chain ( BNB ) and the real-world asset (RWA)-focused chain Plume ( PLUME ).
World Liberty’s native token, WLFI, launched public trading at the beginning of September.
A corporate entity linked to President Donald Trump and his family has slashed its equity stake in World Liberty over the course of the year.
The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in the DeFi project.
Fine print on the platform’s website now indicates DT Marks owns approximately 38% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial.
World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also says neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.”
However, the DeFi project’s website notes that DT Marks DEFI LLC and “certain family members of Donald J. Trump” hold 22.5 billion WLFI tokens.
WLFI is trading at $0.204 at time of writing.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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