World Liberty Financials' USD1 on Chainlink’s CCIP
World Liberty Financials' USD1 stablecoin is now operable across multiple blockchains through Chainlink’s CCIP.
Day 1 its operational over Ethereum and Binance BNB Chain.
World Liberty Recap
WLFI launched in November 2024, USD1 is 100% backed by a combination of short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents custodied by BitGo Trust Company. WLFI stablecoin already has a $2 billion market cap and was even used in a big $2B deal with Binance.
What is Chainlink bringing to this partnership?
Chainlink will be using integration of their Data Feeds for WLFI’s AAVEv3 instance. Utilization of CCIP brings enhanced security and simplified future expansion for WLFI and any other blockchain using their services.
What does the WLFI announcement really mean?
WLFI announced it integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to expand access to its institutional-grade stablecoin, USD1, across Ethereum, BNB Chain, and other leading blockchain networks.
Summary
Chainlink continues to expands its total blockchain support this time adding in WLFI. WLFI is now available operable on several blockchains thanks to CCIP. This brings more security to this fast rising stablecoin, its hard to believe it is already ranked 3rd only being around since Nov. 2024.
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