Crypto payment protocol AEON has officially integrated World Liberty Financial’s USD-backed stablecoin, USD1, into its global payment ecosystem.
In a recent blogpost, AEON announced its collaboration with the Trump-backed crypto project on May 30 with the integration of its stablecoin, USD1. AEON users can now make paymentsusing USD1 at more than 20 million offline retail merchants across Southeast Asia as well as other regions connected to AEON Pay.
According to the announcement, the protocol is already working towards expanding into other markets, such as Africa and Latin America. This means that once AEON Pay is available in those regions, users will also be able to pay using World Liberty Financial’s stablecoin.
“AEON now supports USD1, the fully-backed stablecoin launched by World Liberty Financial, inspired by President Trump’s vision for digital finance,” wrote the project in its recent X post.
AEON Pay enables stablecoin payments for both online and offline merchants, which includes in-store shopping, dining, top-ups, and other everyday purchases. Payments are processed through the project’s settlement infrastructure, which handles token management and merchant settlements.
You might also like: AEON launches AI Payment for autonomous crypto payments in real-world and online commerce
AEON is the latest crypto project to integrate USD1 into its ecosystem. Other integrations include Tron (TRX) network, BUILDon (B), Alchemy Pay (ACH) and Bitget (BGB) among others. World Liberty Financial made headlines when USD1 was chosen as the official stablecoin used to facilitate MGX’s investment into Binance.
The $2 billion investment marks the single largest investment ever paid fully in stablecoins.
At press time, USD1 has accumulated a market cap that has reached more than $2.15 billion according to CoinMarketCap. So far, the stablecoin has a circulating supply of 2.15 billion tokens.
Earlier this month, World Liberty Financial green lit a proposal suggesting that the project should airdrop a small amount of USD1 to all eligible WLFI token holders to test out the feature. However, the project has yet to announce the exact date for the airdrop and the amount of USD1 each WLFI holder would receive.
Read more: World Liberty Financial approves proposal to airdrop a fixed amount of USD1 to WLFI holders
