World Liberty Financial Partners with Re7 for USD1 Stablecoin Expansion on BNB Chain
World Liberty Financial (WLFI), a cryptocurrency platform associated with former U.S. President Donald Trump’s family, has announced a strategic partnership with London-based hedge fund Re7 Capital. The collaboration aims to launch WLFI’s USD1 stablecoin into a USD1 stablecoin vault across Euler Finance and liquid staking protocol Lista on the BNB Chain, according to Bloomberg.
This initiative is part of WLFI’s broader strategy to expand the distribution and utility of its USD1 stablecoin.
Re7 Capital provides portfolio management and consulting services, specializing in cryptocurrency assets.
Binance-Backed Liquid Staking Protocol
Lista, one of the primary liquid staking platforms for the BNB token, governs its decentralized autonomous organization (DAO). This DAO is supported by Binance Labs – the venture capital division of Huobi Group’s Binance crypto exchange.
Binance Labs invested $10 million in Lista (then known as Helio Protocol) via an August 2023 funding round, aimed at facilitating its transition into a liquid staking provider.
Institutional Backing and Strategic Importance
WLFI continues to secure institutional investment. The development of US dollar stablecoins and real-world asset (RWA) tokenization, central pillars of WLFI’s platform, is strategically significant and aligns with perceived administration priorities related to increasing dollar salability in the digital realm.
WLFI Attracts Significant Capital
In April, crypto market maker DWF Labs purchased $25 million worth of WLFI’s governance tokens and agreed to provide liquidity support for the USD1 stablecoin.
Furthermore, the Aqua1 Foundation, a digital asset fund, announced a $100 million investment into WLFI, highlighting its focus on stablecoins and RWA tokenization as potential use cases for restructuring global finance.
Donald Trump disclosed receiving $57 million in income from WLFI through token sales to the U.S. Office of Government Ethics in a June 13, 2024 filing.
Despite attracting substantial investment inflows and significant reported income from WLFI (primarily token sales, as per Trump’s filing), the Trump family saw its stake in the company decrease by approximately 20% between 2024 and the relevant filing date.
