TownSquare announces the launch of a $100 million USD1 stablecoin liquidity program
TownSquare, focused on institutional yield and cross-chain lending brokerage services, announced the launch of a $100 million USD1 token liquidity program. This initiative aims to promote institutional yield and cross-chain returns to more users through institutional yield strategies using the USD1 stablecoin from the World Liberty Financial platform.Previously, TownSquare collaborated with the World Liberty Financial DeFi team to introduce the USD1 token to the high-performance EVM chain Monad and received official incentives from the Monad Foundation. The team officially stated that this new liquidity program marks TownSquare's ongoing commitment to expanding the application of DeFi and bringing institutional strategy yields to more assets. Currently, the project's official website has launched cross-chain lending functionality, and the yield-generating product is in an upcoming state.According to official information, the project has previously completed a round of financing supported by Monad, a16z, Aptos, Solana Bonk, as well as other angel investors and a number of VCs from Europe and America. The team consists of founders with backgrounds from Coinbase, Meta, Accenture, and market makers. Information about the project's new round of financing has not yet been announced.
