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Trump-backed World Liberty Financial has partnered with satellite startup Spacecoin to explore decentralised finance over satellite internet connectivity.
Spacecoin said the partnership includes a token swap between the two projects, though financial terms were not disclosed.
The collaboration aims to expand access to financial services in regions underserved by traditional banking infrastructure.
“USD1 is intended to support payment and settlement activity in the real world, and partnerships like this are focused on exploring payments, settlement, and coordination in environments where traditional financial rails may be limited,”
Zak Folkman said.
Spacecoin said it is developing a low-Earth orbit satellite network and has already launched three satellites.
The company said its infrastructure is designed as an alternative to terrestrial broadband and forms part of a decentralised physical infrastructure network.
The partnership comes as World Liberty Financial expands the use cases of its USD1 stablecoin across payments, settlement and crypto lending.
The project has also pushed into decentralised lending through its World Liberty Markets platform.
USD1’s market capitalisation has grown to about $3.27 billion, according to data from The Block.
World Liberty Financial has also pursued international engagements, including a recent memorandum of understanding with Pakistan to explore USD1-based payments and remittances.
At the time of reporting, World Liberty Financial price was $0.1706.