Venus, one of the top-tier DeFi lending protocols in the Web3 ecosystem, continues to execute on its long-term strategy of expanding stablecoin market options and ecosystem utility. In a major move that enhances the protocol’s appeal to both retail and institutional participants, USD1 has now been officially launched in the Venus Core Pool on BNB Chain.
A New Era for Stablecoins on Venus: Enter USD1
USD1 is a fiat-backed stablecoin issued by World Liberty Financial, a firm backed by notable institutional players and affiliated with Donald J. Trump and his family. With over $2 billion in circulating supply and rapidly growing adoption across major centralized exchanges, USD1 is emerging as one of the fastest-growing stablecoins in the industry. Its 1:1 peg to USD is backed by low-risk real-world assets (RWAs), including fiat equivalents and short-duration Treasuries, making it a compelling option for users seeking security, transparency, and liquidity.
Now, through a strategic partnership between Venus Protocol and World Liberty Financial, USD1 has been added to the Venus Core Pool, creating an entirely new lending market with strong backing, institutional appeal, and high-growth potential.
USD1 on Venus: Early Adoption Incentives and High Yield Potential
As part of Venus Governance’s forward-thinking approach, Venus Improvement Proposal 493 (VIP-493) was passed by the XVS token community, greenlighting the USD1 market on BNB Chain. The launch has been complemented by a targeted liquidity incentive program: $10,000 worth of XVS will be distributed to USD1 suppliers over the first 30 days, kickstarting liquidity growth and rewarding early adopters.
This means that early suppliers of USD1 not only benefit from participating in a growing market, but also earn additional XVS rewards, creating one of the most attractive risk-reward opportunities in the ecosystem today. The market currently operates in supply-only mode, ensuring minimal risk while allowing users to accumulate rewards and support the growth of a promising stablecoin.
Why USD1 and Venus Are a Perfect Match
- High-Quality Collateral: USD1’s backing by fiat and RWAs adds real-world value to the Venus
Users interested in participating in the new USD1 market on Venus can easily acquire USD1 on the BNB Chain. USD1 is available for trading on HTX.com (formerly Huobi) with a USD1/USDT pair, offering a centralized exchange option. For DeFi users, USD1 can also be swapped directly on PancakeSwap, the leading decentralized exchange on BNB Chain, providing fast and seamless access to the stablecoin. These options make it easy for users to get started with supplying USD1 on Venus.
About Venus
Venus is a leading DeFi protocol for lending and borrowing crypto, with over $2.3 billion in TVL. It operates across multiple blockchains, including BNB Chain, Ethereum, opBNB, Arbitrum One, ZKSync, Optimism, Base, and Unichain. The platform offers a user-friendly and extensive suite of features for seamless interaction with a wide range of lending markets, with over 70 markets available, making it one of the most comprehensive lending platforms.
Venus stands out for its strong security standards, having undergone multiple audits by CertiK, PeckShield, and other trusted firms. With a security score of over 91 from CertiK, Venus ranks among the top ten lending and borrowing projects, ensuring the safety and reliability of its ecosystem.
The post Venus Expands on BNB Chain Through Partnership With World Liberty Financial appeared first on BeInCrypto.
