Summary
- The Trump family's DeFi project WLFI announced the distribution of the stablecoin USD1 on the Binance Chain.
- Lookonchain stated that some addresses of Wintermute conducted test transfers using USD1.
- This distribution is interpreted as WLFI's move to expand its influence in the stablecoin market.
On the 24th (local time), according to blockchain analytics firm Lookonchain, the Trump family's DeFi project World Liberty Financial (WLFI) announced the distribution of the stablecoin USD1 on the Binance (BNB) Chain.
Lookonchain added, "It appears that some addresses of the virtual asset (cryptocurrency) market-making firm Wintermute conducted test transfers using USD1."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
