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The Trump family project partners with Re7 Labs to advance the layout of the USD1 stablecoin.
On June 28, according to reports, the Trump family's encryption project World Liberty Financial announced on Friday that it is collaborating with Re7 Labs to establish a funding pool for its USD1 stablecoin on the DeFi lending platforms Euler and Lista. This move is part of its broader plan to promote the USD1 stablecoin to certain trading platform chains.
Re7 Labs, a subsidiary of the London DeFi hedge fund Re7 Capital, plays a key role in this collaboration. The company disclosed last week that it will receive an investment of up to $10 million from Hong Kong's VMS Group. This family office, which manages approximately $4 billion in assets, is entering the cryptocurrency space for the first time through this investment.