Plume (PLUME), listed on cryptocurrency exchange Bybit, has made headlines with an important partnership announcement. Plume, an EVM-compatible blockchain network focused on real-world assets (RWA), announced that it has entered into a strategic partnership with World Liberty Financial (WLFI), known for its closeness to Donald Trump.
The partnership aims to accelerate the expansion of WLFI’s stablecoin USD1 across multiple blockchains.
Following the development, the PLUME price rose by approximately 5%.
Chart showing the rise in PLUME price following the news.
This announcement comes just days after Plume’s Genesis mainnet launch. With over $250 million in RWA capital and over 100,000 RWA wallet users at launch, Plume has become the largest RWA blockchain by user count. The company has also taken steps to secure exemptions for its innovative products by working with the SEC Crypto Task Force in Washington, DC, as part of its regulatory compliance efforts.
According to the announcement, as part of the partnership, USD1 will be integrated as the reserve asset of Plume’s on-chain stablecoin pUSD. It will also be available for use in the Plume ecosystem from day one, opening up new possibilities for users looking to access institutional-grade RWA finance (RWAfi) opportunities.
“World Liberty Financial’s selection of us as their multi-chain strategic partner is a testament to our vision for the RWAfi infrastructure. USD1’s institutional foundations are integrated into our vibrant ecosystem, paving the way for new use cases for tokenized RWAs,” said Chris Yin, Plume CEO and co-founder.
*This is not investment advice.
