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W.L.F. Launches USD1 Stablecoin to Rival Tether and USDC

10/28/2025

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Summary

Story summary

W.L.F. launched USD1, a stablecoin backed by safe assets, as Congress considered the GENIUS Act signed by U.S. President Donald Trump.
The coin aims to compete with Tether and USDC.
Binance accepted a $2 billion investment from MGX funded by USD1, boosting USD1's circulation.
W.L.F. Chief Executive Zach Witkoff expressed gratitude for MGX and Binance.
Reports indicate Binance's deeper involvement in developing USD1 and a PancakeSwap partnership to expand adoption.

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Story summary

W.L.F. launched USD1, a stablecoin backed by safe assets, as Congress considered the GENIUS Act signed by U.S. President Donald Trump.
The coin aims to compete with Tether and USDC.
Binance accepted a $2 billion investment from MGX funded by USD1, boosting USD1's circulation.
W.L.F. Chief Executive Zach Witkoff expressed gratitude for MGX and Binance.
Reports indicate Binance's deeper involvement in developing USD1 and a PancakeSwap partnership to expand adoption.