TownSquare has launched a $100 million liquidity initiative for its USD1 stablecoin, aiming to enhance institutional and cross-chain yield access. This program leverages World Liberty Financial's yield strategies to broaden DeFi adoption. The initiative follows TownSquare's collaboration with World Liberty Financial to introduce USD1 on the Monad EVM chain, which received incentives from the Monad Foundation. Cross-chain lending is now available on TownSquare's website, with yield-bearing vaults to follow. The project, backed by investors like a16z and Solana's Bonk, has not disclosed details of its latest funding round.
TownSquare Unveils $100 Million USD1 Stablecoin Liquidity Program
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