Recently, WorldLibertyFinancial (WLFI) announced that its stablecoin USD1 has officially launched on the Solana blockchain, further expanding the cross-chain ecosystem of USD1.
As the second-ranked public chain by market value, Solana, second only to the Ethereum mainnet, attracts numerous developers and users with its high performance and low-cost features. The launch of USD1 on Solana marks that this stablecoin has covered the three most influential public chain ecosystems.
It is worth noting that WLFI has previously issued USD1 on the Binance Smart Chain (BSC). Considering that the Bitcoin network currently does not support full smart contract functionality, BSC can actually be regarded as the third-largest smart contract platform by market capitalization.
However, users currently cannot directly transfer USD1 cross-chain to the Solana network because the corresponding cross-chain bridge is not yet completed. Currently, USD1 only supports direct transfers between the Ethereum, BSC, and Plume networks. To transfer USD1 to the Solana on-chain, users temporarily need to operate through a centralized exchange.
This series of measures reflects WLFI's strategic layout in expanding the influence of its stablecoin. With more public chains coming on board, USD1 is expected to play a greater role in decentralized finance (DeFi). However, the improvement of cross-chain infrastructure remains key to future development.
Industry insiders generally believe that with the continuous advancement of blockchain technology and the maturity of cross-chain solutions, multi-chain stablecoins like USD1 will play an important role in promoting interoperability within the blockchain ecosystem.
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FUD_Vaccinated
· 09-04 04:42
Still going online without launching the bridge? What's the point?
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DeFiCaffeinator
· 09-02 22:48
Why isn't the cross-chain bridge done yet?
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HodlNerd
· 09-01 06:53
fascinating game theory at play here... classic accumulation phase before mass adoption kicks in
Reply0
CodeSmellHunter
· 09-01 06:45
A new coin has arrived on the Sol chain.
View OriginalReply0
ForkItAll
· 09-01 06:44
This still issues news about cross-chain bridges.
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CryptoSourGrape
· 09-01 06:32
Ha, if I had known, I would have bought it on Solana. We are not compatible.
Recently, WorldLibertyFinancial (WLFI) announced that its stablecoin USD1 has officially launched on the Solana blockchain, further expanding the cross-chain ecosystem of USD1.
As the second-ranked public chain by market value, Solana, second only to the Ethereum mainnet, attracts numerous developers and users with its high performance and low-cost features. The launch of USD1 on Solana marks that this stablecoin has covered the three most influential public chain ecosystems.
It is worth noting that WLFI has previously issued USD1 on the Binance Smart Chain (BSC). Considering that the Bitcoin network currently does not support full smart contract functionality, BSC can actually be regarded as the third-largest smart contract platform by market capitalization.
However, users currently cannot directly transfer USD1 cross-chain to the Solana network because the corresponding cross-chain bridge is not yet completed. Currently, USD1 only supports direct transfers between the Ethereum, BSC, and Plume networks. To transfer USD1 to the Solana on-chain, users temporarily need to operate through a centralized exchange.
This series of measures reflects WLFI's strategic layout in expanding the influence of its stablecoin. With more public chains coming on board, USD1 is expected to play a greater role in decentralized finance (DeFi). However, the improvement of cross-chain infrastructure remains key to future development.
Industry insiders generally believe that with the continuous advancement of blockchain technology and the maturity of cross-chain solutions, multi-chain stablecoins like USD1 will play an important role in promoting interoperability within the blockchain ecosystem.