TownSquare announces the launch of a $100 million USD1 stablecoin liquidity program

Deep Tide TechFlow News, May 14th, TownSquare, an infrastructure focused on institutional yield and cross-chain lending brokerage services, announced the launch of a $100 million USD1 token liquidity plan. This initiative aims to promote institutional yield strategies and cross-chain returns to more users through the USD1 stablecoin on the World Liberty Financial platform.

Previously, TownSquare collaborated with the World Liberty Financial DeFi team to introduce the USD1 token onto the high-performance EVM chain Monad and received official incentives from the Monad Foundation. The team officially stated that this new liquidity plan marks TownSquare’s continued commitment to expanding the application scope of DeFi and bringing institutional strategy yields to more assets.

Currently, the project’s official website has launched cross-chain lending functionality, with the yield pool product listed as “coming soon.”

According to official information, the project has previously completed a funding round supported by Monad, a16z, Aptos, Solana Bonk, and other European and American angel investors and venture capitalists. The team is founded by individuals with backgrounds from Coinbase, Meta, Accenture, and market makers. The details of the project’s new funding round have not yet been announced.

USD10.01%
WLFI2.89%
MON4.93%
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