The International Independence Monetary (WLFI) recently transferred $ 775K USDC (a USDC (USD steablecoin) to another wallet from its main wallet to another wallet, which is mainly used to purchase Altcoins. If you want to know in detail about Stablecoin What are stablecoins Read the blog.
WLFI’s USD1, Fully-Bacted Stabil Cine
The USD1 will be a fully-back stabilcoin, which means its value will be fully supported with low-rash assets such as US government bonds, dollars deposits and cash. This StableCoin will be redeemable in US dollars in 1: 1 ratio and operate on Etreum and Binance Ingenous Chain. Its security for its security and trust will be in the hands of the famous firm Bitgo. Also, WLFI will conduct third-party audits so that transparency remains.
Meanwhile, according to reports by Arkham Perception, WLFI has recently made a big stir in its crypto holdings. A few weeks ago, the company bought a 3.54 million mantle (MNT) tokens and also invested over $ 4 million in MNT and AVALANCHE (Avax).
New Defi Partnership in WLFI-SUI
WLFI’s crypto portfolio includes not only MNT and Avx, but also many big names – such as Ethereum (Eth), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (Link), AAVE (AAVE), Eethena (Aave), Eethena (AANA), MOVE, ONDOO (ONDO) And SEI (SEI). It is clear that the company is creating a divers and balanced digital asset portfolio.
Along with this, WLFI Sui Also announced a strategic partnership with. Under this partnership, SUI’s technology will be integrated into WLFI’s ecosystem, so that new and advanced Defi (DECENGEDED Finance) apps can be created. WLFI has also said that he will include Sui Token in his “Macro Strategy” Reserve.
Overall, all these steps of WLFI show that the company is preparing to play the leadership role seriously in Crypto and Web3 sector. In the coming time, USD1 and their Crypto Strategy Crypto may bring a big change in the world.
Conclusion
International Independence Monetary (WLFI) is going to launch a fully-back stabilcoin called USD1 soon for institutional investors. The USD1 will be supported by low-rash assets like US Govt Bonds and Money. WLFI has invested in many cryptos including MNT and Avax and has also done defi partnership with Sui Blockchain, which has further strengthened its crypto strategy.
