World Liberty Financials USD1 StableCoin can now be operated across multiple blockchains through an integration with Chainlinks Cross-Chain Interoperability Protocol (CCIP), announced companies on Friday.
It is, according to World Liberty Financial’s team, Chainlink co-founder Sergey Nazarov, and the son of US President Donald Trump, Eric Trump, who announced transverse chain features in Consensus 2025.
USD 1, an American dollar stacked stablecoin launched by the decentralized funding protocol inspired by Trump, has seen significant growth since its debut and reached $ 2 billion in market value. StableCOin was used to close MGX’s $ 2 billion investment in Binance.
It still traces behind the industry leaders tied and circle whose leading stableecoins have $ 151 billion and $ 60.6 billion market capital respectively.
The token is backed by short-lived US Treasury and Fiat reserves contained by the Bitgo Trust. StableCOin was currently largely muted within a single blockchain ecosystems, but still the CCIP integration will allow it to move freely over blockchains.
The Ethereum and the BNB chain are the first blockchains to integrate, although additional blockchain support is expected in the future. Integration, says companies, tackling a long-term obstacle to the stablecoin market: Cross-cutting chain security.
Historically, vulnerabilities in bridges across chains have cost users almost $ 3 billion, they added.
“Chainlink’s combat -tested infrastructure delivers institutional quality security and comprehensive range needed to deliver USD 1 in the hands of millions over a growing number of active ecosystems on the chain,” said Zach Witkoff, co -founder of World Liberty Financial.
“Chainlink is absolutely critical of merging traditional funding and decentralized funding, which has been our mission at the World Liberty Financial ever since the start,” said World Liberty co-founder Zak Folkman. “We do not see a world where Defi exists in its own ecosystem and traditional economy continues, but we believe in a very short time that they will actually merge and just be the future of funding. So for that purpose, World Liberty Financial, our USD1 Token now broken across the chain thanks to the incredible people at CCIP who have made it possible for this Cross Chain Compatibility.”
The collaboration is based on a previous integration in which Chainlink’s Prisoracles were used to support World Liberty’s implementation of an Aave V3 instance.
