Summary
- Falcon Finance announced that it has secured a strategic investment of $10 million from World Liberty Financial.
- World Liberty Financial stated that it plans to expand its stablecoin business with this investment.
- Falcon Finance previously added USD1 as a collateral asset. The cooperation between the two companies is expected to further advance the DeFi ecosystem and the development of digital dollar infrastructure.
The DeFi (Decentralized Finance) project Falcon Finance has secured a $10 million investment from World Liberty Financial (WLFI).
On the 30th (local time), Falcon Finance announced that it had raised a strategic investment of $10 million from World Liberty Financial. World Liberty Financial is a cryptocurrency project associated with the family of former U.S. President Donald Trump.
Previously, in April, Falcon Finance added USD1 as a collateral asset. USD1 is a stablecoin issued by World Liberty Financial.
World Liberty Financial plans to expand its stablecoin business following this investment. Zak Folkman, co-founder of World Liberty Financial, said, "This strategic investment marks a significant step forward in building a comprehensive DeFi ecosystem," adding, "We aim to establish a robust and flexible digital dollar infrastructure that satisfies both individual and institutional investors in collaboration with Falcon Finance."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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