- Plume adds USD1 as pUSD reserve, backed 1:1 by U.S. Treasuries and cash equivalents.
- WLFI partners with Plume to expand USD1’s role in institutional RWAfi infrastructure.
- USD1 unlocks scalable DeFi liquidity and collateralization across Plume’s native ecosystem.
The Plume Network has officially added USD1, a stablecoin backed by U.S. Treasuries and cash equivalents, as the primary reserve for its native stablecoin, pUSD. The development comes as a strategic alliance with World Liberty Financial (WLFI), the issuer of USD1, to promote real-world asset finance (RWAfi) with the establishment of institutional-grade stablecoin infrastructure.
USD1 is the first U.S. Treasury-backed asset directly integrated into a chain-native stablecoin framework. The stablecoin is 1:1 redeemable to the U.S. Dollar and issued by BitGo, a regulated trust and money transmitter. During the announcement, Plume noted that USD1 is already considered to be used in high-value settlements, such as the $2 billion investment by UAE-backed MGX into Binance.
The integration follows the network’s Genesis mainnet launch. The network now supports over $250 million in utilized RWA capital and has more than 100,000 wallet holders. According to its latest growth metrics, the network leads the blockchain sector in RWA user base.
Institutional-Grade Collateral Strengthens Plume’s RWAfi Ecosystem
Plume’s USD1 support strengthens its ecosystem’s stability and growth potential. Institutional users now have access to various collateral choices and can utilize pUSD’s composability within native DeFi platforms, such as Nest, Plume’s staking protocol. With USD1, new yield opportunities will be created, and RWA positions can be leveraged with stable collateral.
The network’s ecosystem includes over 200 projects built on its EVM-compatible platform. The addition of USD1 helps make access to U.S. dollar-backed liquidity easier within a regulated framework. With this partnership, institutions and retail users can participate in RWA markets without requiring them to depend on the yield-generation mechanisms, which often introduce risk.
Notably, the timing of this launch coincides with a strong market trend. The global stablecoin market has grown 46% year-over-year reaching $253 billion. USD1 targets this expanding market by offering a compliant and transparent product that meets the needs of institutional-grade capital.
Also Read: World Liberty Financial Partners with Chainlink to Secure USD1 Stablecoin Across Blockchains
Plume and WLFI Expand USD1 Stablecoin Across Chains
World Liberty Financial chose the network as its multichain expansion partner for USD1. This deployment marks a new milestone beyond Binance Smart Chain by introducing the stablecoin into a purpose-built RWAfi ecosystem.
One of WLFI’s main goals is to improve access to decentralized finance while maintaining clear regulations. The organization highlights the importance of transparency and security in developing the next generation of financial tools. With this expansion, USD1 now plays a key role in connecting traditional finance infrastructure with on-chain liquidity.
The collaboration also emphasizes Plume’s continued engagement with U.S. regulators. The network has been coordinating activities in Washington, D.C., such as collaborating with the SEC Crypto Task Force. These efforts are intended to help achieve the larger goal of integrating compliant RWA into decentralized finance systems through the network.
Also Read: Plume Network Mainnet Goes Live with $150 Million in On-Chain Real-World Assets