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The stablecoin USD1 supported by Trump has partnered with Enso to expand its DeFi business landscape across various chains.
PANews, October 28 - According to DL News, the stablecoin USD1 associated with U.S. President Trump is deepening its connection with Decentralized Finance (DeFi). On Monday, the cross-chain deployment “shortcut” provider Enso announced that USD1 is the latest project to adopt its tech 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 participants, including institutions, enabling them to leverage depth liquidity and optimal pricing.” According to the announcement, Enso's goal is to “make USD1 omnipresent on-chain and allocate its liquidity to protocols across different blockchains.” After partnering with Enso, USD1 will be available on margin trading protocols like Dolomite, allowing users to trade, lend, and transfer the stablecoin across different blockchains.