World Liberty Financial (WLFI) recently moved $775,000 in USDC (a stablecoin pegged to the US dollar) from its main wallet to another wallet mainly used to buy altcoins.
This major movement has been tracked by Arkham Intelligence. A few weeks ago, WLFI bought over 3.54 million Mantle (MNT) tokens and added $4 million worth of MNT and Avalanche (AVAX) to its portfolio.
Besides MNT and AVAX, WLFI also holds a wide range of other cryptocurrencies. These include Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), MOVE, Ondo (ONDO), and Sei (SEI), making for a diverse digital asset portfolio.
WLFI has formed a strategic partnership with the Sui blockchain. This collaboration will integrate Sui’s technology into WLFI’s ecosystem to develop advanced decentralized finance (DeFi) applications. As part of this deal, WLFI plans to add Sui tokens to its “Macro Strategy” reserve.
WLFI is preparing to launch a new stablecoin called USD1, aimed at institutional and sovereign investors. USD1 will be fully backed by U.S. government treasuries, dollar deposits, and cash equivalents. It will be redeemable 1:1 for U.S. dollars and will operate on Ethereum and Binance Smart Chain.
For security and trust, the USD1 stablecoin will be managed by BitGo, a well-known crypto custodian. WLFI also plans to have third-party audits done by an independent accounting firm to ensure transparency.
Also Read: DWF Labs Buys $25M Worth of WLFI Tokens from World Liberty Fi
