| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107250.7500000000 |
| ETH | $2428.5280000000 |
| BNB | $649.0998000000 |
| XRP | $2.1824890000 |
| ADA | $0.5610566000 |
| SOL | $149.5835000000 |
| DOGE | $N/A |
| DOT | $3.3837000000 |
| LTC | $86.2774000000 |
| LINK | $13.2916500000 |
Category: CRYPTO NEWS
The post USD1 Token Expands Network Capabilities appeared on BitcoinEthereumNews.com. World Liberty Financial’s stablecoin, USD1, has taken a significant leap forward by integrating with Chainlink‘s Cross-Chain Interoperability Protocol (CCIP), enhancing its operational scope across multiple blockchain networks. The news was disclosed during the Consensus 2025 event by Chainlink co-founder Sergey Nazarov and Eric Trump, indicating strategic backing and potential for growth. How Does USD1 Compare in the Market?What New Features Does CCIP Offer? How Does USD1 Compare in the Market? Despite its rapid growth, USD1 remains comparatively smaller in market capitalization than industry giants like Tether and Circle, standing at $2.12 billion against their $151 billion and $60.6 billion, respectively. The backing of USD1 with US Dollar collateral and reserves at BitGo Trust ensures adherence to industry standards, although its network presence was previously limited to a single platform. What New Features Does CCIP Offer? The integration with CCIP marks a pivotal moment by facilitating USD1’s movement across different blockchains, starting with Ethereum and BNB Chain and with ambitions to incorporate more networks soon. This enhancement not only aligns with Chainlink’s mission to improve the ecosystem’s scalability but also addresses security concerns, a primary issue given the past cross-chain bridge vulnerabilities that led to significant user losses. Zak Folkman of World Liberty Financial highlights this development’s broader implications, indicating it as a bridge between traditional and decentralized finance systems. This collaboration extends previous engagements where Chainlink’s technology supported the deployment of Aave v3, signaling a sustained partnership aimed at leveraging financial technology advancements. The combined effort seeks to elevate market transparency, security, and efficiency by making stablecoins like USD1 more accessible to a wider audience. This initiative underlines the importance of Chainlink’s infrastructure in ensuring safe asset transfers across diverse blockchains, promising a robust pathway for future financial innovations. -Conclusive findings on this integration:– USD1’s cross-network capability broadens user reach…
2025-05-17T03:31:10+00:00