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DWF Labs has launched 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 fiat-backed stablecoin fully collateralized by US treasuries and cash equivalents, audited by a third-party firm.
- DWF Liquid Markets enables instant OTC trades with deep liquidity and no market impact via an RFQ model.
- The stablecoin will initially launch on Ethereum and Binance Smart Chain, with plans to expand to other blockchain protocols.
📎 Related coverage from: cryptopotato.com
Other Tags: Binance Smart Chain (BSC), BitGo, DWF Labs, Web3, World Liberty Financial