WorldLibertyFinancial (WLFI) collaborates with Re7 Capital…USD1 stablecoin set for BNB Chain expansion
JH Kim
Summary
- WorldLibertyFinancial (WLFI) announced its partnership with Re7 Capital.
- The two firms stated they are working on expanding the USD1 stablecoin onto the BNB Chain and building lending platform Vaults.
- Re7 Capital’s subsidiary Re7 Labs has a key role in expanding the BNB Chain ecosystem.
According to CoinDesk, a virtual asset (cryptocurrency) specialized media outlet, on the 27th (local time), the DeFi project WorldLibertyFinancial (WLFI), linked to the Trump family, has entered into a partnership with UK London-based DeFi hedge fund Re7 Capital, aiming to expand its own stablecoin USD1 to the BNB Chain.
Through this collaboration, the two companies plan to build Vaults supporting USD1 on major lending platforms such as Euler and Lista, and will actively work to expand their ecosystem within the BNB Chain. In particular, Re7 Capital's subsidiary Re7 Labs plays a key role in this effort.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
