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Crypto

Trump family-backed World Liberty to expand uses of USD1, target online market

World Liberty Financial (WLFI), backed by U.S. President Donald Trump’s family, plans to expand payments for its stablecoin USD1 to major online companies. WLFI outlined its strategy at Token2049 in Singapore, including integration with crypto payment platform Mesh starting this quarter. WLFI also aims to broaden use beyond its own app to external online businesses. USD1 is currently issued by BitGo and had a market value of $4.45 billion, CoinGecko data showed.

Crypto

Crypto card spending jumps 140 percent this year on stablecoin spread

Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.

Crypto

Zcash breaks $1,600 after new ETP debuts in Europe, but rally started earlier

Zcash (ZEC) rose above $1,600 as a new exchange-traded product launched in Europe expanded investor access. 21Shares listed a physical-backed Zcash ETP on Euronext Paris and Amsterdam under the ticker ZCASH. The product charges a 2.5 percent annual fee and uses BitGo as custodian. CryptoSlate reported Zcash had already been trading around $1,540 before the listing, with interest in a separately launched Grayscale Zcash ETF cited as a driver.