Another noteworthy development has taken place in the cryptocurrency sector. Plume Network and World Liberty Financial (WLFI) have announced a new strategic partnership. Under this partnership, the stablecoin USD1 will no longer be limited to Binance Smart Chain; it will be expanded to multiple blockchain infrastructures. It was announced that USD1 will be used as the official reserve asset for pUSD, Plume Network's own blockchain-based stablecoin.
Altcoin PLUME has partnered with USD1
Plume Network stands out as a platform that enables the tokenization of real-world assets (RWA) and their integration into decentralized finance systems with its Ethereum Virtual Machine (EVM)-compatible infrastructure. The network's recently launched Genesis mainnet made a highly notable debut with over $250 million in tokenized assets and over 100,000 wallets. Plume, which works closely with the U.S. Securities and Exchange Commission (SEC), is also known for its sensitivity to regulatory compliance.
USD1 is a stablecoin pegged at a 1:1 ratio to the US dollar, backed by solid reserves such as government bonds and cash equivalents. This structure represents a more conservative approach prioritizing the security of institutional investors. As the stablecoin market has grown by 54% over the past year to reach a volume of $253 billion, USD1's expanded access to this market could drive increased institutional interest.
Plume Network CEO and co-founder Chris Yin stated the following in his remarks about the partnership:
“World Liberty Financial’s selection of Plume as a strategic multi-chain partner validates the vision of our custom-built RWAfi infrastructure. The integration of USD1’s institutional foundation into our vibrant ecosystem creates immediate opportunities in tokenized real-world assets. This, in turn, brings new use cases that transform access to yield-generating RWA assets for institutional investors and users.”
PLUME price saw an increase
WLFI's Chief Operating Officer Zak Folkman noted that this partnership marks the first major step in USD1's multi-chain expansion. WLFI's connection to the Trump family further highlights the deal from a political and media perspective.
Following the partnership announcement, the PLUME token gained 5% in value, attracting investor interest. According to market data, Plume's token is currently trading at $0.09, with a market value of over $182 million. The 24-hour trading volume is approximately $49 million. The value losses experienced over the past 30 days appear to have been partially offset by this partnership news.
