🗣️ World Liberty Financial to Unveil USD1 Stablecoin
gm Defiers!
World Liberty Financial is set to launch its institutional-ready stablecoin USD1, pegged to the US dollar and backed by US government treasuries. Meanwhile, digital asset investment products recorded a rebound with $644 million in inflows.
As the crypto landscape evolves, Render Network is gearing up to release its GenAI tool, and Berachain’s proof of liquidity (PoL) system is making waves in the DeFi space.
✍️ In today’s newsletter:
- World Liberty Financial to launch USD1 stablecoin
- Weekly digital asset inflows surge to $644 million
- Memecoins soar as risk-on sentiment returns
- Polymarket is 94% accurate in predicting outcomes, analysis says
- Fidelity plans to tokenize its Treasury fund
- Plume partners with Goldfinch to expand private credit access
- Hyperlend fills staking caps in one hour
- DYDX jumps 9% after buyback program announcement
- Render soars 16% after GenAI tool update
- ZKsync Era becomes second-largest RWA chain
- SEC task force launches ‘new beginning’ for crypto enforcement
- Berachain launches ‘Proof of Liquidity’ system
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🗣️World Liberty Financial to Launch Institutional-Ready Stablecoin USD1
World Liberty Financial Inc. (WLFI) announced plans to launch USD1, a fully backed stablecoin pegged 1:1 to the US dollar.
💰Digital Asset Inflows Hit $644 Million as Crypto Markets Rebound
Digital asset investment products recorded $644 million in inflows last week, ending a five-week streak of $5.4 billion in outflows. Bitcoin led the recovery at $724 million.
🪽Memecoins Fly as Risk-on Sentiment Returns
Risk assets are surging, led by Solana memecoins, following a 30% Bitcoin correction and a 10% drop in the S&P 500.
⬆️Polymarket is Up to 94% Accurate In Predicting Outcomes: Analysis
Prediction market Polymarket boasts 94% accuracy four hours out from an event, according to Alex McCullough's Dune dashboard.
🏦Fidelity Wants to Tokenize its Treasury Fund
Fidelity has filed with the SEC to register an on-chain offering of its Treasury Digital Fund (FYHXX), aiming to tokenize the fund on the Ethereum blockchain. If approved, the tokenized FYHXX will launch on May 30.
🤝Plume Partners with Goldfinch to Expand Access to Private Credit
Plume, a full-stack RWAfi blockchain, has partnered with Goldfinch, an on-chain private credit platform, to expand access to private credit assets. The collaboration integrates Goldfinch Prime’s composite private credit product into Plume’s RWA staking platform, Nest.
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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.
READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?
⏰Hyperlend Fills Staking Caps in One Hour
Hyperlend, a friendly fork of the Aave lending protocol on Hyperliquid’s HyperEVM Layer 1 blockchain, launched its mainnet and hit its staking caps within an hour, attracting $4.4 million in HYPE and $2 million in stHYPE.
📈DYDX Surges 9% After Derivatives Exchange Unveils Buyback Program
Derivatives trading platform dYdX is launching a buyback program to boost network security and reduce token circulation, using 25% of net fees to buy and stake DYDX tokens.
🔝Render Soars 16% Following its GenAI Tool Update
Render Network, a decentralized P2P network for digital rendering, is set to launch its GenAI tool on April 15, driving a 16% surge in RENDER's price to $3.83, with its market cap now around $2 billion.
💵With $2 Billion in Real-World Assets, ZKsync Era is Now the Second-Largest RWA Chain
ZKsync Era is now the second-largest RWA chain, driven by Tradable, a private credit tokenization firm. With $9.5 billion in RWAs across blockchain networks, Tradable holds $1.9 billion on ZKsync, dominating its RWA market.
📣SEC Task Force Kicks Off ‘A New Beginning’ for Crypto Enforcement
The SEC's Crypto Task Force began efforts to create crypto regulations with a roundtable on March 21. This shifts away from enforcement-based methods used under former Chairman Gary Gensler.
🐻Berachain Rolls Out ‘Proof of Liquidity’ System
Berachain, an EVM Layer 1 blockchain, has launched its proof of liquidity (PoL) system to decentralize governance and distribute its BGT token. BERA, the network's utility token, has surged by 30% in the past two days.
🌍 ELSEWHERE
- Yield curve flashes recession warning — Will the crypto market crash? (TheStreet)
- Michael Saylor’s $200 Trillion Bitcoin Strategy: U.S. BTC Domination and Immortality (CoinDesk)
- Kentucky Enacts 'Bitcoin Rights' Legislation Amid Broader Crypto Developments (CoinMarketCap)
