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Trump-backed stablecoin USD1 has partnered with Enso to expand its DeFi business territory on various chains
PANews, October 28, DL News reported that USD1, a stablecoin associated with US President Trump, is deepening its connection with DeFi. Enso, a provider of "shortcuts" for cross-chain deployment of crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso’s technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe said this will "make DeFi more attractive to major players, including institutions, allowing them to take advantage of deep 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, and users will be able to trade, borrow and transfer the stablecoin across different blockchains.
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