PANews reported on October 28th that USD1, the stablecoin associated with US President Trump, is deepening its ties with DeFi. Enso, a provider of cross-chain deployment shortcuts for crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso's technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major players, including institutions, enabling them to leverage deep liquidity and optimal pricing." According to the announcement, Enso's goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols across different blockchains." Following the partnership with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, borrow, and transfer the stablecoin across different blockchains.PANews reported on October 28th that USD1, the stablecoin associated with US President Trump, is deepening its ties with DeFi. Enso, a provider of cross-chain deployment shortcuts for crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso's technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major players, including institutions, enabling them to leverage deep liquidity and optimal pricing." According to the announcement, Enso's goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols across different blockchains." Following the partnership with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, borrow, and transfer the stablecoin across different blockchains.
Trump-backed stablecoin USD1 partners with Enso to expand its DeFi footprint across various blockchains
PANews reported on October 28th that USD1, the stablecoin associated with US President Trump, is deepening its ties with DeFi. Enso, a provider of cross-chain deployment shortcuts for crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso's technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major players, including institutions, enabling them to leverage deep liquidity and optimal pricing." According to the announcement, Enso's goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols across different blockchains." Following the partnership with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, borrow, and transfer the stablecoin across different blockchains.
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