World Liberty Finance Launches WLFI Markets Crypto Lending Platform

Core Insights - World Liberty Finance has launched WLFI Markets, a crypto borrowing and lending service utilizing the decentralized Dolomite protocol [1] - The service allows users to lend and borrow using USD1, World Liberty's dollar-backed stablecoin, along with other collateral assets such as WLFI, ETH, USDC, USDT, and cbBTC [1] Group 1: Service Launch and Features - WLFI Markets lending services became active via a web application on January 12, with plans for a mobile app and additional features to be introduced over the next 18 months [2] - The launch marks World Liberty's first venture into consumer-facing applications, shifting focus from stablecoin development to user-oriented services [3] Group 2: Market Position and Growth - The introduction of WLFI Markets positions World Liberty to leverage its successful entry into the stablecoin market, with USD1's market capitalization increasing from $128 million to over $3.37 billion in the past year [4] - WLFI Markets aims to provide a unified interface for a variety of products and services, with future integrations planned for third-party applications and networks [4] Group 3: Regulatory Developments and Market Reaction - The firm has applied for a national banking charter to establish the World Liberty Trust Company (WLTC), submitting its application to the Office of the Comptroller (OCC) [5] - Following the announcement of WLFI Markets, the price of the WLFI token increased from $0.1659 to $0.1704 before settling at $0.1680, reflecting a 0.43% decrease over the past 24 hours [5]