World Liberty Financial (WLFI), the protocol linked to the Trump family, has formed an alliance with Spacecoin to integrate decentralized finance with satellite internet. According to the official announcement, the agreement includes a token swap aimed at facilitating payments and settlements in areas without traditional broadband coverage. Tae Oh, founder of Spacecoin, highlighted that this collaboration seeks to guarantee digital freedom through a decentralized physical infrastructure network (DePIN) that already has three satellites in low-Earth orbit.
This collaboration is a breakthrough for the DePIN ecosystem and the adoption of the USD1 stablecoin, which has already reached a market capitalization of $3.2 billion. By leveraging Spacecoin’s constellation, WLFI plans to offer lending and payment services in remote communities, eliminating dependence on telecommunications monopolies. The impact is twofold: while consolidating the real-world utility of digital assets, it strengthens World Liberty Trust Company’s position following its recent application for a national bank charter with the OCC.
The deployment of new satellites and the technical implementation of the USD1 stablecoin on the satellite network will be the market’s focal points moving forward. The success of this project will serve as a bellwether for the viability of large-scale DePIN networks and WLFI’s ability to operate as a global financial infrastructure. Additionally, the regulatory evolution of its banking subsidiary in the U.S. will be decisive for the definitive integration of these space-based financial services into the traditional system.
Source:https://medium.com/@_spacecoin/world-liberty-financial-and-spacecoin-announce-strategic-partnership-and-token-swap-at-the-486a031e768a
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