World Liberty Monetary (WLFI), a crypto platform tied to US President Donald Trump’s household, has partnered with London hedge fund Re7 to launch a USD1 stablecoin vault throughout Euler Finance and liquid staking protocol Lista.
The partnership is a part of a broader effort to increase the presence of World Liberty’s USD1 stablecoin on the BNB Chain, based on Bloomberg.
Lista is likely one of the main liquid staking platforms for the BNB (BNB) token, and its decentralized autonomous group (DAO), which governs the platform, is backed by Binance Labs — the enterprise capital arm of crypto alternate Binance.
Binance Labs invested $10 million in Lista in August 2023. On the time, Lista was often called Helio Protocol and the capital was meant to help the platform’s transition to a liquid staking supplier.
WLFI continues to obtain backing from institutional traders as US greenback stablecoins and real-world asset tokenization — the 2 sectors the DeFi platform is targeted on — grow to be strategically essential to growing the salability of the US greenback, a significant precedence of the Trump administration.
Associated: Trump-backed World Liberty to launch stablecoin audit, make WLFI transferable
WLFI attracts institutional capital
In April, crypto market maker DWF Labs bought $25 million in WLFI tokens, the governance token of the WLFI platform. The market maker can even present liquidity for the USD1 stablecoin as a part of the funding deal.
Aqua1 Basis, a digital asset fund, introduced a $100 million funding within the Trump-affiliated DeFi platform, citing WLFI’s deal with stablecoins and real-world asset tokenization as main use circumstances that will restructure international finance.
Trump reported $57 million in revenue from WLFI to the US Workplace of Authorities Ethics in a June 13 disclosure submitting, the majority of which seems to have come from token gross sales.
Regardless of the funding offers and windfall revenue, the Trump household lowered its stake in WLFI by 20% since 2024.
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