Key Highlights
- World Liberty Financial and Spacecoin have partnered to use satellites for decentralized finance, expanding access to the internet and financial services.
- Spacecoin has launched three satellites to provide internet access without relying on traditional providers.
- World Liberty Financial will support the initiative using its USD1 stablecoin to ensure payments and settlements.
World Liberty Financial, a crypto company linked to U.S. President Donald Trump’s family, has collaborated with Spacecoin on a project that uses satellites to expand decentralized finance (DeFi).
As per the official release, the initiative, announced on Thursday, aims to combine internet access and financial services so that people in remote or underserved areas can connect online and make transactions.
The partnership includes token swap functionality, which links the two companies and sets up future plans for payments, settlements, and other financial coordination in places where normal banks and networks do not reach.
Satellite network to connect remote communities
Spacecoin has already launched three satellites into low-Earth orbit. These satellites are designed to provide internet access without needing traditional internet providers or government control.
Tae Oh, Spacecoin’s founder, commented on the initiative, stating, “Our mission is to provide connectivity to everyone, everywhere, but that is only half the battle. True digital freedom also requires access to robust, fair, and open financial services.” World Liberty Financial will ensure that when new users connect to the internet, they can also access financial tools to send, receive, and settle payments.
WLD to support using USD1 stablecoin
World Liberty Foundation is supporting the project through its USD1 stablecoin, which was launched last year. USD1 is backed by the U.S. dollar and has reportedly reached a market capitalization of over $3.2 billion. The company also runs World Liberty Markets, which allows people to lend and borrow money using USD1.
“USD1 is intended to support payment and settlement activity in the real world, and partnerships like this are focused on exploring payments, settlement, and coordination in environments where traditional financial rails may be limited,” said Zak Folkman, co-founder of World Liberty Financial.
The partnership comes weeks after World Liberty Financial’s subsidiary, World Liberty Trust Company, applied for a national charter with the U.S. Office of the Comptroller of the Currency. The company aims to establish a regulated trust bank for stablecoin operations. Many crypto firms are also seeking this type of federal approval to connect digital money with regular banking systems.
Meanwhile, Spacecoin, which launched its first satellites in 2024, offers a network service that gives an alternative to other satellite internet services like Starlink. Its platform allows users to store data, send messages, and perform financial transactions directly through the satellites. The company has already tested sending secure information through space, making it one of the first in the industry to do so.
The collaboration between World Liberty Financial and Spacecion aims to expand access to both internet services and financial tools globally, targeting regions where standard infrastructure remains limited.
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