World Liberty Financial launched a lending and borrowing platform called World Liberty Markets on Monday to expand its tokenized finance offerings and increase utility for its stablecoin. The web app runs on the Dolomite multi-chain DEX protocol and lets users earn yield or borrow against portfolios.
The platform accepts supply and borrowing of WLFI, USD1, USDC, USDT, Ethereum, and Coinbase’s cbBTC. Users can earn yield on supplied assets or borrow stablecoins and crypto against their holdings.
Since launch the markets have gathered about $20 million in supplied assets, led by USD1, which carries a 27% incentive rate and rewards points for deposits of at least $1,000. The project’s team posted that the market aims to support tokenized real-world assets and wider USD1 access, as stated on X.
Zak Folkman, co-founder and COO, said, “A year ago, we set out to build a stablecoin that could compete with the biggest names in crypto, and USD1 has exceeded every expectation.” He added, “Now we’re giving USD1 users access to even more ways to put their stablecoins to work.”
The governance token WLFI launched in September and recently traded just under $0.17, up about 18% over two weeks but roughly 49% below its $0.33 high. USD1 has grown to a circulating supply above $3.4 billion and ranks among the largest stablecoins, as data shows.
The company lists President Donald J. Trump and family on its team page and reduced their stake last June (Ed. note: the firm has faced scrutiny over those ties). The firm applied last week for a national bank charter with the Office of the Comptroller of the Currency, and plans future mobile integration and governance-led asset additions, as mentioned on its team page.
