Trump-Backed World Liberty Financial Launches Crypto Lending Platform
World Liberty Financial, backed by Donald Trump and his sons, launched World Liberty Markets, a decentralized lending and borrowing platform built on the Dolomite protocol. The platform supports WLFI’s native token, its USD1 stablecoin, USDC, USDT, Ethereum, and Coinbase’s wrapped Bitcoin (cbBTC), allowing users to earn yields or borrow against these assets. Since launch, users have supplied about $20 million, mainly in USD1, which currently offers a 27% incentive rate and rewards points for deposits over $1,000. The platform is accessible as a web app, with mobile integration planned, and future asset listings and incentives will be governed by token holder votes. USD1 has grown to a $3.4 billion supply since its 2023 multi-chain launch and is now the seventh-largest stablecoin. WLFI’s governance token recently traded at $0.17, up 18% in two weeks. Despite scrutiny over its Trump ties, the company has applied for a national bank charter with the U.S. Office of the Comptroller of the Currency.
