Overview
- Apex Group, which services more than $3.5 trillion in assets, said it will test WLFI’s USD1 as a rail for subscriptions, redemptions and distributions in tokenized funds, unveiling the pilot at the World Liberty Forum.
- WLFI rose about 10% during Asia trading after the announcement, outpacing bitcoin and ether, which each slipped around 0.5%, according to CoinDesk data.
- WLFI executives pitched USD1 as an institutional-grade dollar with real-time proof of reserves powered by Chainlink and an initial cross-border focus on the U.S.–Mexico corridor with expansion to additional currencies.
- Onchain Lens reported 313.31 million WLFI—about $33.76 million—was withdrawn from Binance within 11 hours on Feb. 18, coinciding with whale accumulation and a short-squeeze dynamic flagged by market analysts.
- The project continues to face political scrutiny over a reported $500 million UAE-linked investment, which has drawn congressional attention and calls for formal review.