DWF Labs is set to launch USD1, a new stablecoin designed to be redeemable one-to-one for the US Dollar (USD). In case you missed it, the digital asset firm RAISE announced some incredible news! They will collateralize each USD1 with 100% short term US government treasuries, US dollar deposits and other cash equivalents. In addition, DWF Labs intends to ensure liquidity for USD1 through its extensive deep liquidity network and algorithmic infrastructure.
USD1 might be institution-ready, but it’s meant to be useful to everybody. It will be available for trading on both centralized and decentralized exchanges. USD1, as a fiat-referenced stablecoin, aims to introduce the advantages of DeFi to the masses.
The USD1 stablecoin, issued by DWF Labs, is one of the flagship offerings from the firm. Through USD, the company hopes to make USD1 a foundational building block in the DeFi tech stack. It will remain an important ingredient in the expansion of institutional crypto adoption.
Launch of USD1 aligns with DWF Labs’s strategy to foster the development of stable, transparent digital assets. DWF Labs hopes that the product can be beneficial not only to institutions but to all the consumers.
"We believe that crypto is going to transform and improve global finance, and stablecoins like USD1 will continue to be fundamental elements in the DeFi technology stack." - Zak Folkman, co-founder at World Liberty Financial
DWF Labs to use its deep liquidity network and algorithmic infrastructure as a USD1 liquidity provider. The stablecoin will have markets on centralized and decentralized venues.
