StakeStone Partners with Trump’s World Liberty Financial (WLFI)

StakeStone has partnered with Trump’s World Liberty Financial (WLFI), bringing cross-chain liquidity support for its USD1 stablecoin.

Trump's family-linked World Liberty Financial (WLFI) has partnered with StakeStone to bring cross-chain liquidity support for its USD1 stablecoin.

The partnership will remove the need for bridges, wrapping, or waiting periods when moving USD1 tokens cross-chain. Stakestone did not specify which blockchains are covered by this support but has integrated more than 20.

The Trump family is making headlines again, this time with an unexpected partnership. World Liberty Financial (WLFI), the company behind the USD1 stablecoin, has partnered with StakeStone to bring seamless cross-chain liquidity to its dollar-backed token.

This partnership will introduce several advantages for USD1 users and the broader crypto ecosystem.

What this unlocks:

✅$STONE enables cross-chain liquidity that just works

✅$USD1 is a fully-backed stablecoin designed for speed, security, and global usability

✅Builders get plug-and-play capital to power any app, anywhere

No silos. No tradeoffs. Just utility. 🦅

As a decentralized omnichain liquidity infrastructure protocol, StakeStone came into prominence last year as a liquid staking pool. It allows users to stake assets, earning yields while retaining the ability to utilize these assets across various decentralized finance (DeFi) protocols.

Five tokens exist in its ecosystem, primarily facilitating interactions with Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). To date, StakeStone has integrated with over 20 blockchains and 100 protocols.

This aspect is particularly relevant to the partnership with WLFI. While the announcement doesn't go into detail about USD1 staking, it's not the main focus. Instead, StakeStone's cross-chain infrastructure will be the key to enabling easy movement of USD1 across multiple chains.

The two companies have kept most of the specific information confidential, but a few key components are mentioned. WLFI users will benefit from StakeStone's STONE, a yield-bearing token derived from staked ETH. USD1 transactions can now utilize STONE's seamless and fluid cross-chain operations without the need for bridges, wrapping, or prolonged waiting periods.

While StakeStone's fame soared last year, this partnership could propel it to even greater heights. The company's total value locked (TVL) stands at approximately $2 billion, which, after a month on the market, is nearly equal to the market capitalization of USD1.

On the other hand, WLFI's stablecoin will gain real-world usability and DeFi-native liquidity and flexibility, both parties stand to benefit substantially from this deal.