TLDR
- World Liberty Fi is working to link real-world assets like oil, cotton, and timber to its USD1 stablecoin.
- CEO Zach Witkoff confirmed the company is actively tokenizing commodities to improve transparency and trust.
- The integration of tokenized assets with USD1 stablecoin aims to enhance stability in the blockchain ecosystem.
- Donald Trump Jr. discussed how stablecoins, including USD1, strengthen the US dollar as the world’s reserve currency.
- USD1 stablecoin has become the sixth-largest stablecoin with a market cap of $2.68 billion.
World Liberty Fi (WLFi) aims to connect real-world assets (RWAs) with its USD1 stablecoin. At the Token2049 event in Singapore, CEO Zach Witkoff confirmed this initiative. The company is actively working to tokenize assets like oil, gas, cotton, and timber. According to Witkoff, these commodities should be traded on the blockchain to ensure transparency and trust.
WLFi’s Focus on Tokenizing Commodities
Witkoff highlighted commodities as an area of particular interest. “Commodities like oil, gas, cotton, and timber should be on-chain,” he stated. Tokenizing these assets will allow WLFi to link them with its USD1 stablecoin. He emphasized that RWAs require stablecoins with transparency, which USD1 can offer.
WLFi aims to make tokenized assets easily tradable and accessible. By linking RWAs to USD1, the company seeks to enhance the stability and efficiency of its ecosystem. Witkoff confirmed that they are already working on integrating these assets with the stablecoin.
USD1 Stablecoin’s Role in Strengthening Dollar Hegemony
Donald Trump Jr. shared his thoughts on the role of stablecoins in maintaining the US dollar’s stability. He argued that the rise of stablecoins supports the dollar as the world’s reserve currency. As demand for USD-backed tokens grows, it reinforces global demand for the dollar itself.
Trump Jr. noted that stablecoins like USD1 strengthen US Treasuries. This trend is especially significant as traditional buyers, such as China and Japan, reduce their exposure to US debt. According to him, cryptocurrency could preserve the dollar’s dominance worldwide.
The USD1 stablecoin has grown to become the sixth-largest stablecoin globally. It has a market capitalization of $2.68 billion and is available on networks such as Binance Smart Chain (BSC), Ethereum, Solana, and Tron. The majority of USD1’s supply is on BSC.
World Liberty Financial is developing more products to expand its ecosystem. WLFi, the governance token, empowers users to control the platform. Additionally, a debit card, mobile app, and wallet system are in development, with plans to launch between late 2025 and early 2026.
