World Liberty Financial Partners with Spacecoin for Satellite-Based DeFi Network

TLDR

• World Liberty Financial has partnered with Spacecoin to explore DeFi applications using satellite internet connectivity
• The partnership includes a token swap between the two companies, though specific terms were not disclosed
• Spacecoin recently launched three satellites as part of its low-Earth orbit satellite network infrastructure
• The collaboration aims to integrate USD1 stablecoin into Spacecoin’s satellite network for payments in areas with limited traditional banking
• USD1 currently has a market capitalization of approximately $3.27 billion as of January 2025

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World Liberty Financial, the crypto project connected to President Donald Trump’s family, has announced a partnership with satellite startup Spacecoin. The deal aims to explore decentralized finance applications through space-based internet connectivity.

The partnership was announced Thursday in a blog post from Spacecoin. The collaboration includes a token swap between the two companies, though neither party shared the specific terms of the agreement.

The main goal is to integrate World Liberty Financial’s USD1 stablecoin into Spacecoin’s satellite infrastructure. This would allow financial services to reach populations without access to traditional banking systems.

Zak Folkman, co-founder of World Liberty Financial, explained the reasoning behind the partnership. He said USD1 is designed to support real-world payment and settlement activity.

Spacecoin’s Satellite Network Infrastructure

Spacecoin has been developing a low-Earth orbit satellite network. The company recently launched three satellites into orbit as part of this infrastructure project.

The startup positions its technology as an alternative to ground-based broadband internet services. Spacecoin is building what it calls a decentralized physical infrastructure network.

Tae Oh, founder of Spacecoin, commented on the need for proper financial systems in this new technology. He said partnering with World Liberty Financial provides users access to trusted DeFi solutions.

USD1 Stablecoin Expansion Plans

The partnership represents another expansion effort for World Liberty Financial’s USD1 stablecoin. The project launched USD1 last year as a dollar-pegged digital asset.

USD1 currently has a market capitalization of roughly $3.27 billion as of Thursday, according to The Block’s data. World Liberty Financial has been working to increase adoption of the stablecoin across different platforms.

The project recently pushed into crypto lending through its World Liberty Markets platform. The company has positioned USD1 as a settlement asset for various financial transactions.

Last month, World Liberty Financial announced plans to roll out real-world asset products using USD1 as collateral. The company also submitted an application to open its own trust bank charter.

World Liberty Financial has proposed using some of the project’s treasury funds to boost USD1 supply. These funds would encourage adoption on both centralized and decentralized exchanges.

The company also announced plans for a WLFI debit card in September, though no updates on that development have been shared since. The partnership with Spacecoin adds to World Liberty Financial’s growing list of collaborations.

Earlier this month, Pakistan signed a memorandum of understanding with a World Liberty affiliate to explore potential applications of USD1 in payments and remittances.

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