The USD1 Stablecoin of World Liberty Financial is now operable in multiple blockchains through an integration with the Cruzada chain interoperability protocol of Chainlink (CCIP), companies announced on Friday.
According to the World Liberty Financial team, Chainlink’s co -founder, Sergey Nazarov, and the son of the president of the United States, Donald Trump, Eric Trump, who announced the abilities of the cross chain in consensus 2025.
USD1, a stablecoin backed by the US dollar launched by the Protocol of Decentralized Finance inspired by Trump, has seen significant growth since its debut, reaching $ 2 billion in market capitalization. The stable was used to close the investment of $ 2 billion mgx in Binance.
It is still close to the leaders of the Tether and Circle industry, whose main stablcoins have a market limit of $ 151 billion and $ 60.6 billion, respectively.
The Token is backed by the United States Treasures in the short term and fiduciary reserves held by Bitgo Trust. The stablecoin was largely largely within the unique block chain ecosystems, however, CCIP integration will allow you to move freely through blockchains.
Ethereum and the BNB chain are the first blockchains that are integrated, although additional blockchain support is expected in the future. Integration, companies say, addresses a long -standing obstacle in the Stablecoin market: the safety of the cross chain.
Historically, vulnerabilities in cross -chain bridges have cost users almost $ 3 billion, they added.
“The infrastructure tested in Battle of Chainlink offers institutional degree and extensive safety necessary to deliver USD1 in the hands of millions in a growing number of active chain ecosystems,” said Zach Witkoff, co -founder of World Liberty Financial.
“Chainlink is absolutely critical to merge traditional finances and decentralized finances, which has been our mission in World Liberty Financial from the beginning,” said World Liberty co -founder, Zak Folkman. “We do not see a world in which defi exists in its own ecosystem and traditional finance continues, but we believe in a very short time that, in fact, they will merge and will be the future of finance. Therefore, for that purpose, World Liberty Financial, our token USD1 is now difficult to thanks to incredible people to the incredible people of CCIP that have been compatibility with the cross chain, currently.”
The collaboration is based on a previous integration where Chainlink’s prices oracles were used to support the deployment of World Liberty of an Aave V3 instance.
