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DWF Labs has announced the launch of the USD1 stablecoin on its institutional-grade trading platform, DWF Liquid Markets. The fiat-backed stablecoin, developed by World Liberty Financial, offers deep liquidity and 24/7 access for traders. USD1 is fully backed by short-term US treasuries and cash equivalents, ensuring transparency and stability.
- USD1 is a fully fiat-backed stablecoin custodied by BitGo and backed by US treasuries and cash equivalents.
- DWF Liquid Markets offers 24/7 access and deep liquidity for large OTC trades via an RFQ model.
- USD1 will expand beyond Ethereum and Binance Smart Chain to other blockchain protocols in the future.
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Other Tags: Binance Smart Chain (BSC), BitGo, DWF Labs, Web3, World Liberty Financial