Following the collaboration, the World Liberty Financial project will use Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable a secure and seamless transfer of USD1 across different chains.
World Liberty Financial (CRYPTO: WLFI), a well-funded DeFi protocol backed by U.S. President Donald Trump announced a strategic partnership with the Chainlink (CRYPTO: LINK) network to enhance the mainstream adoption of its recently launched stablecoin dubbed USD1.
According to the announcement, the World Liberty Financial project will be using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable a secure and seamless transfer of USD1 across different chains.
“Chainlink’s battle-tested infrastructure delivers the institutional-grade security and extensive reach needed to deliver USD1 into the hands of millions across a growing number of active, on-chain ecosystems. WLFI’s partnership with Chainlink will accelerate and improve USD1’s utility for cross-border payments and will result in truly useful applications across DeFi and traditional finance,” Zach Witkoff, co-founder of World Liberty Financial said.
The partnership between the Chainlink network and the WLFI protocol will be instrumental in boosting the mainstream adoption of LINK tokens. In addition, the initiative will help in further establishing the credibility of the Chainlink network among more institutional investors.
Earlier on Friday, the Chainlink network announced that the Fluid protocol has adopted its CCIP and cross-chain token (CCT) standard to enable the seamless transfer of assets across Ethereum, Base, and Arbitrum.
The rising adoption of the Chainlink products will have a long-lasting impact on LINK price action. The large-cap altcoin, with a fully diluted valuation of about $15.9 billion and a 24-hour average traded volume of around $477 million, rallied over 30 percent in the last four weeks to trade about $15.9 on Friday, May 16 during the late North American trading session.
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