TL;DR
- Aster is accelerating its expansion in Dubai through a commercial agreement with WLFI to promote the use of the USD1 stablecoin in new trading markets.
- The project introduced the partnership at a private conference with 176 attendees and confirmed plans to broaden USD1’s reach across financial services.
- The integration moves forward as WLFI comes under scrutiny for its ties to Alt5 Sigma, a firm facing SEC filing delays and signs of internal disorder.
Aster has launched a strategic expansion in Dubai that combines commercial agreements, presence at global events, and an intensive incentive program aimed at strengthening its position in the decentralized derivatives market.
The company confirmed that it is working with World Liberty Financial (WLFI), a project associated with the Trump family, to drive adoption of USD1, the stablecoin seeking to establish itself in markets with strong liquidity demand.
The deal was disclosed at a private conference with 176 attendees, where protocol founders, traders, and researchers reviewed the growth plan for both initiatives. Leonard, Aster’s CEO, later confirmed the collaboration on his X account, noting that both parties are evaluating mechanisms to expand USD1’s use in new trading ecosystems and financial services.
Aster Participates in Binance Blockchain Week
Aster used the same week to deepen its public presence at Binance Blockchain Week, where it is participating with a booth, networking activities, and a panel on the role of perpetual DEXs in global market access. The company will also host a dinner organized by StableFi and a forum focused on the transition from stablecoins toward autonomous neo-banking models. The agenda aims to strengthen relationships with institutional actors and attract users who operate with high-volume strategies.
Aster also activated Stage 4 of its buyback program. The operation coincides with a trading competition divided into five phases, each lasting seven days, with weekly prizes of up to $2,000,000 in USDF. To qualify for Week 3, participants must place at least one daily order and accumulate $100,000 in perpetual volume over six days between December 1 and December 7. Minimum trade sizes vary by asset, from $50,000 for BTC to $10,000 for lower-cap tokens supported by the platform. The structure aims to maintain consistent activity and increase market depth during the promotional period.
WLFI Under Investigation
However, the collaboration with WLFI comes at a complicated moment, as the firm is under investigation for its financial ties to Alt5 Sigma, a company behind on its SEC filings, dealing with its auditor’s resignation, and facing internal leadership conflicts. Alt5 reportedly accumulated $1,500,000,000 in WLFI-linked assets through a circular transaction that moved more than $500,000,000 in August, raising concerns over the strength of its controls
