- WLFI partners with Spacecoin to enable USD1 stablecoin payments via satellites.
- World Liberty Financial and Spacecoin plan a strategic token swap.
- Spacecoin lists $SPACE on BitMarket, expanding crypto access globally.
World Liberty Financial has announced a new partnership with Spacecoin to explore decentralized finance tied to satellite internet connectivity.
The collaboration centers on deploying World Liberty Financial’s USD1 stablecoin across Spacecoin’s low-earth-orbit satellite network.
The companies confirmed they are working on a strategic token swap and a token-based settlement system. The stated goal is to enable payments, settlement, and coordination in environments where traditional banking rails are limited or unavailable.
On the other hand, Spacecoin got another boost from BitMart, a leading trading platform. The exchange announced “the primary listing” of Spacecoin ($SPACE) with USDT. Deposits will begin on 23 Jan at 9:00 am UTC, while trading opens at 13:00 PM UTC the same day.
Satellite Network Provides the Use Case
Spacecoin recently launched three satellites into orbit as part of its broader low-earth-orbit constellation. The firm said the network is designed to expand global internet access, particularly in regions with limited infrastructure.
According to Spacecoin, satellite-based connectivity requires an integrated financial layer. The company sees USD1 as a way to allow new users to transact digitally as soon as they gain internet access.
The partnership positions stablecoins as a native financial tool for first-time connectivity users. In a blog, Zak Folkman, Co-Founder of World Liberty Financial, said that “partnerships like this are focused on exploring payments, settlement, and coordination in environments where traditional financial rails may be limited.”
WLFI’s Expansion Plans
It is important to note that World Liberty Financial continues to expand USD1’s footprint through partnerships and product rollouts. The firm recently applied for a trust bank charter to improve USD1’s regulatory standing and expand real-world usage.
The team has also proposed using part of its treasury to increase the USD1 supply. The goal is to incentivize adoption across both centralized and decentralized exchanges.
Also, World Liberty Financial plans to launch real-world asset products backed by USD1 collateral in the near future. The offering is designed to attract institutional capital by linking stablecoin liquidity to traditional assets.
The company has also announced plans for a WLFI debit card, intended for everyday payments. While first revealed in September, no further rollout timeline has been shared.
Related: The Central Bank of Pakistan Will Partner with WLFI
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Source: https://coinedition.com/wlfi-teams-up-with-spacecoin-for-satellite-crypto-payments/
