World Liberty Monetary’s USD1 stablecoin is now operable throughout a number of blockchains by an integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the businesses introduced Friday.
That’s in line with World Liberty Monetary’s staff, Chainlink co-founder Sergey Nazarov, and the son of U.S. President Donald Trump, Eric Trump, who introduced the cross-chain capabilities at Consensus 2025.
USD1, a U.S. dollar-backed stablecoin launched by the decentralized finance protocol impressed by Trump, has seen vital progress since its debut, reaching $2 billion in market capitalization. The stablecoin was used to shut MGX’s $2 billion funding in Binance.
It nonetheless trails behind trade leaders Tether and Circle, whose main stablecoins have a $151 billion and $60.6 billion market cap, respectively.
The token is backed by short-term U.S. Treasuries and fiat reserves held by BitGo Belief. The stablecoin was for now largely siloed inside single blockchain ecosystems, but the CCIP integration will enable it to maneuver freely throughout blockchains.
Ethereum and BNB Chain are the primary blockchains being built-in, although extra blockchain assist is predicted sooner or later. The mixing, the corporations say, tackles a long-standing hurdle within the stablecoin market: cross-chain safety.
Traditionally, vulnerabilities in cross-chain bridges have price customers almost $3 billion, they added.
“Chainlink’s battle-tested infrastructure delivers the institutional-grade safety and intensive attain wanted to ship USD1 into the fingers of thousands and thousands throughout a rising variety of energetic, on-chain ecosystems,” mentioned Zach Witkoff, co-founder of World Liberty Monetary.
“Chainlink is totally essential to merging conventional finance and decentralized finance, which has been our mission at World Liberty Monetary ever for the reason that begin,” mentioned World Liberty co-founder Zak Folkman. “We do not see a world the place DeFi exists in its personal ecosystem and conventional finance carries on however we imagine in a really quick period of time that they are going to, in truth, merge and simply be the way forward for finance. So to that finish, World Liberty Monetary, our USD1 token is now bridgeable throughout chain due to the unbelievable folks at CCIP which have enabled this cross chain compatibility, at present.”
The collaboration builds on an earlier integration the place Chainlink’s value oracles have been used to assist World Liberty’s deployment of an Aave v3 occasion.
