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Trump-backed World Liberty Financial partners with Spacecoin on USD1 satellite DeFi
The Block
The Block
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On-chain Sage
01-23 11:34
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Spacecoin said the partnership includes a token swap between the two projects, though it did not disclose the terms.
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Author:Encryption Zen Master

World Liberty Financial, the crypto project tied to U.S. President Donald Trump's family, has partnered with satellite startup Spacecoin to explore the convergence of DeFi and space-based internet connectivity.

In a Thursday blog post, Spacecoin said the partnership includes a token swap between the two projects, though it did not disclose the terms. The collaboration aims to extend financial services to populations currently beyond the reach of traditional banking systems.

"USD1 is intended to support payment and settlement activity in the real world, and partnerships like this are focused on exploring payments, settlement, and coordination in environments where traditional financial rails may be limited," said Zak Folkman, co-founder of World Liberty Financial, in the post.

Spacecoin has been developing a low-Earth orbit satellite network and said it has recently launched three satellites. The project positions its infrastructure as an alternative to terrestrial broadband and is constructing what it describes as a decentralized physical infrastructure network.

The Spacecoin partnership comes as World Liberty Financial continues to expand the scope of its USD1 stablecoin. The project has pushed into crypto lending through its World Liberty Markets platform and has sought to position USD1 as a settlement asset.

USD1, the project's dollar-pegged stablecoin launched last year, now has a market capitalization of roughly $3.27 billion as of Thursday, according to The Block's data.

World Liberty Financial has also pursued international engagements. Earlier this month, Pakistan signed a memorandum of understanding with a World Liberty affiliate to explore potential applications of USD1 in payments and remittances, marking a sovereign partnership for the Trump-linked protocol.


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