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Trump-Linked World Liberty Financial Partners With Spacecoin on DeFi Initiative

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World Liberty Financial, the crypto challenge related to the household of US President Donald Trump, has entered a partnership with satellite tv for pc startup Spacecoin to discover how decentralized finance might function over space-based web infrastructure.

Key Takeaways:

  • World Liberty Financial is partnering with Spacecoin to discover DeFi over satellite tv for pc web.
  • The USD1 stablecoin is positioned for funds in distant and underserved areas.
  • The transfer helps the challenge’s broader effort to increase USD1’s world use.

In a blog post published Thursday, Spacecoin mentioned the collaboration features a token swap between the 2 tasks, although monetary phrases weren’t disclosed.

The firms mentioned the partnership is aimed toward increasing entry to digital monetary providers in areas the place conventional banking and broadband infrastructure stay restricted.

World Liberty Financial Says USD1 Targets Real-World Payments in Underserved Areas

Zak Folkman, co-founder of World Liberty Financial, mentioned the initiative aligns with the challenge’s broader focus on real-world funds and settlement.

He mentioned the USD1 stablecoin is designed to assist transactions in environments the place typical monetary rails are unavailable or unreliable, together with distant and underserved areas.

Spacecoin is constructing a low-Earth orbit satellite tv for pc community supposed to supply web connectivity past the attain of terrestrial broadband.

The firm mentioned it has already launched three satellites and is positioning its system as a decentralized bodily infrastructure community, or DePIN, that would assist monetary and communications providers in hard-to-connect areas.

The partnership comes as World Liberty Financial continues to broaden the use circumstances for its USD1 stablecoin.

Beyond funds, the challenge has expanded into crypto lending by means of its World Liberty Markets platform, whereas selling USD1 as a settlement asset for onchain and offchain exercise.

USD1, a dollar-pegged stablecoin launched final yr, has grown quickly. Its market capitalization now stands at roughly $3.27 billion, inserting it among the many bigger stablecoins in circulation.

World Liberty Financial has additionally stepped up its worldwide outreach.

Earlier this month, Pakistan signed a memorandum of understanding with a World Liberty affiliate to discover potential functions of USD1 in funds and remittances.

The settlement marked one of many first situations of a sovereign entity formally participating with the Trump-linked protocol.

Bitcoin Loses 25,000 Millionaire Addresses Despite Pro-Crypto Turn Under Trump

As reported, Bitcoin has shed roughly 25,000 millionaire addresses within the yr since Donald Trump returned to the White House, whilst US coverage shifted towards a extra crypto-friendly stance.

Blockchain knowledge reveals the variety of addresses holding at the very least $1 million in BTC fell about 16% yr over yr, suggesting regulatory optimism has not translated into sustained on-chain wealth progress.

The pullback was much less extreme among the many largest holders. Addresses with greater than $10 million in Bitcoin declined by about 12.5%, indicating that top-tier traders have been higher capable of face up to worth volatility, whereas wallets close to the millionaire threshold have been extra uncovered to market swings.

Much of the rise in Bitcoin millionaire addresses occurred earlier than Trump took workplace, pushed by a late-2024 rally fueled by election-related optimism and expectations of deregulation.

The put up Trump-Linked World Liberty Financial Partners With Spacecoin on DeFi Initiative appeared first on Cryptonews.

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