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Donald Trump’s latest project, World Liberty Financial, has made a significant impact in the cryptocurrency sector with the launch of a stablecoin named USD1 on the BNB Chain. Reports indicate that the token is still in the testing phase, with on-chain data revealing that its smart contract was activated 20 days ago. Although no official announcement has been made regarding the project, market participants are closely monitoring these developments.
Details of the WLFI Project and Testing Phase
On-chain data indicates that the stablecoin is currently undergoing testing. Information has emerged that the market maker, Wintermute, is conducting test transactions. The absence of an official announcement suggests that uncertainties about the process remain. Further details about the token’s implementation in the market are anticipated to be disclosed by official sources in the coming days.
With this announcement, counterfeit tokens have emerged, prompting both WLFI and CZ to issue warnings.
Comments from Binance’s Founder
Changpeng “CZ” Zhao, the founder of Binance, expressed a positive outlook on WLFI’s integration into the BNB Chain ecosystem. He noted that, consistent with on-chain data, the token was activated 20 days ago.
Changpeng “CZ” Zhao: “The inclusion of the WLFI project in the BNB Chain is promising for the ecosystem.”
Additionally, a liquidity program of $100 million has been launched to support the BNB Chain ecosystem. This program aims to incentivize exchanges to list tokens in order to facilitate more active trading in the network. The initiative aims to bolster the growth of projects within the ecosystem.
BNB Chain plans to support projects across various sectors, including meme, artificial intelligence, DeFi, and gaming. Exchanges listing tokens will receive incentives categorized into T1, T2, and T3, with higher support provided for listings on top-tier exchanges.
It is expected that the backing of projects and ecosystem support will contribute to an increase in transaction volume on the BNB Chain. This could signal positive developments for the industry as the technological infrastructure strengthens. Such steps may offer observers a chance to gain insights into innovations within the sector.
