- WLFI denies selling 5,500 ETH amid reports of an $8M dump, calling speculation “incorrect.”
- The crypto project’s newest stablecoin, USD1, surpasses 100 million tokens in circulating supply on BNB Smart Chain.
- WLFI partners with Ondo Finance to integrate tokenized real-world assets like USDY and OUSG.
Trump’s pet crypto project, World Liberty Financial or WLFI, has denied reports that it sold 5,500 ETH earlier this week. Earlier, several reports suggested that a wallet address linked to the crypto project (as labeled by Arkham) dumped nearly $8 million worth of ETH when the price dropped to $1,465.
In response, a WLFI spokesperson stated: “Claims that we sold its holdings are completely false. No assets have been sold, and related speculation is incorrect.” Onchain data dated April 9, also showed how the address seemingly belonging to the project bought 67,500 Ethereum at $3,260, resulting in a loss of over $125 million.
Meanwhile, WLFI’s newly launched stablecoin, USD1 have achieved a new miletone. The circulating supply of USD1, has surpassed 100 million tokens on the BNB Smart Chain (BSC). According to data from BscScan, the current supply stands at 103,489,090 USD1.
Back to back, the Defi project has teamed up with Ondo Finance to advance the adoption of tokenized real-world assets and bring traditional finance onchain. WLFI is exploring the integration of Ondo’s tokenized assets into the network as treasury reserve assets, including USDY (only available to non-US persons outside the US) and OUSG.
Ondo and WLFI Partner on Tokenized RWAs
The crypto project also plans to also integrate USDY, OUSG, and tokenized securities from Ondo’s upcoming Global Markets (only available to non-US persons outside the US to the extent legally permitted) into the WLFI platform, enabling seamless borrowing, lending, and margin trading for eligible users.
Through this collaboration, World Liberty Financial plans to become a strategic collaborator in Ondo’s journey to scale Ondo Global Markets, a platform designed to enable the tokenization of traditional financial assets like stocks and bonds. As part of the collaboration, qualifying WLFI users will gain access to Ondo Global Markets’ tokens, offering exposure to thousands of real-world assets, all fully onchain.
Nathan Allman, CEO of Ondo Finance, said, “We’re thrilled to work with World Liberty Financial to bring the benefits of tokenized real-world assets to their platform and users. This collaboration highlights the growing demand for institutional-grade onchain solutions that deliver stability, liquidity, and utility at scale.”
