World Liberty Financial, the crypto venture linked to the Trump family, has launched World Liberty Markets, its first decentralized finance application focused on onchain lending and borrowing with the USD1 stablecoin as the primary asset. Following the announcement, Dolomite’s DOLO token surged 57%, while WLFI gained about 4.8% in the hours after the release.
Context: World Liberty Markets runs on Dolomite infrastructure and allows users to supply and borrow digital assets, positioning USD1 at the center of the protocol. Accepted collateral includes ETH, cbBTC, USDC, USDT, and the WLFI governance token. The launch marks the project’s first formal DeFi product, after $590 million raised in last year’s WLFI token sale, placing it among the ten largest token sales on record.
Lending markets remain thin shortly after going live. Early data shows USD1 borrowing rates near 0.83%, while lending yields sit around 0.08%. Such figures reflect early-stage conditions and are expected to adjust as liquidity and user activity increase.
The rollout comes at a pivotal moment for USD1, whose circulating supply has surpassed $3.4 billion, according to market data. Company statements frame the launch as a step toward embedding the stablecoin in active onchain finance rather than limiting its role to payments or trading pairs.
World Liberty Financial indicated that World Liberty Markets represents the first release in a broader 18-month product roadmap, aimed at expanding practical use cases for USD1 within DeFi. Market participants will monitor adoption metrics and token performance as the platform matures.
Source: World Liberty Financial press release and market data
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