On October 28, according to DLNews, the stablecoin USD1 associated with US President Trump is deepening its connection with Decentralized Finance (DeFi). On Monday, the cross-chain deployment provider Enso announced that USD1 is the latest project to adopt its tech stack. Enso’s technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major participants, including institutions, enabling them to leverage depth liquidity and optimal pricing." According to the announcement, Enso’s goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols on different blockchains." After partnering with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, lend, and transfer the stablecoin across different blockchains.
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On October 28, according to DLNews, the stablecoin USD1 associated with US President Trump is deepening its connection with Decentralized Finance (DeFi). On Monday, the cross-chain deployment provider Enso announced that USD1 is the latest project to adopt its tech stack. Enso’s technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major participants, including institutions, enabling them to leverage depth liquidity and optimal pricing." According to the announcement, Enso’s goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols on different blockchains." After partnering with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, lend, and transfer the stablecoin across different blockchains.