Binance News: World Liberty Financial Tests USD Stablecoin Across Multiple Blockchains with Binance Confirmation

In a significant development in the decentralized finance (DeFi) space, World Liberty Financial (WLFI), a fund associated with the Trump family, has been actively testing a smart contract for the issuance of a dollar-pegged stablecoin on multiple blockchain networks. Here’s a closer look at the latest updates surrounding this initiative.

World Liberty Financial Testing USD Stablecoin on Multiple Chains

World Liberty Financial (WLFI), the Trump family DeFi fund, has been testing a smart contract to issue a dollar-pegged stablecoin on multiple chains. The fund first mentioned a stablecoin in Q4, 2024, but delayed the launch due to the WLFI token presale. On-chain investigators have noticed stablecoins linked to World Liberty Fi on both Ethereum and BNB Smart Chain. Binance’s founder and former CEO Changpeng ’CZ’ Zhao confirmed that the contract for the new stablecoin was deployed in early March. With these new tests, it appears that the World Liberty Fi project will be multi-chain accessible.

Pi Network Oversold or Just Getting Started? Price Drops Below $1

Pi Network has fallen by 5% in the past 24 hours to $0.9515, while the overall crypto market recovers by 1%. The altcoin is down 30% in the last seven days and 68% since its ATH of $2.99 on February 26. However, its chart and indicators suggest it is oversold and may rebound soon. Pi Network’s longer-term price prediction looks encouraging, but without a listing on major exchanges like Binance, it may continue to struggle.