The world of decentralized finance (DeFi) is witnessing yet another significant advancement as World Liberty Financial unveils its stablecoin, USD1, on the prediction market platform Myriad. This integration promises to revolutionize on-chain financial solutions while offering exciting opportunities for market participants.
About the USD1 Stablecoin and Its Significance
USD1, developed by the Trump-backed DeFi project World Liberty Financial, is a dollar-pegged stablecoin designed for financial stability and accessibility. Operating on both the Ethereum and BNB blockchain networks, USD1 enhances security and functionality, making it a go-to asset for prediction markets and other DeFi ecosystems.
According to Zach Witkoff, Co-Founder of World Liberty Financial, the inclusion of USD1 in Myriad’s ecosystem marks a vital step in promoting financial transparency, stability, and trust within the growing DeFi sector. Unlike traditional assets, stablecoins like USD1 enable more efficient, quick, and decentralized settlements for prediction market users.
Myriad’s Expansion with USD1 and Candles
Myriad, an innovative prediction market platform integrating blockchain technology, has made USD1 its exclusive settlement asset. To further enhance user experience, Myriad has introduced the Candles product—a fast-paced, automated prediction tool. Candles provide users with auto-resolution functionality, short timeframes, and continuous trading flows for seamless participation in prediction markets.
This feature, along with Myriad’s in-app wallet, facilitates instant cross-chain deposits and payments, simplifying user engagement. Powered by MoonPay, users can easily fund positions with either cryptocurrency or fiat currency.
A Unified Ecosystem with Myriad’s In-App Wallet
The rollout of the Myriad In-App Wallet stands as another critical milestone in this partnership. The wallet optimizes payment processes, offering a unified and scalable experience for Myriad’s broad user base. This feature sets the platform apart, allowing instant payouts and more expansive adoption of prediction markets among crypto enthusiasts.
The phased migration of the Candles product in early 2026 will include advanced market formats and expanded functionality, positioning Myriad for further growth in the prediction market space while enriching the user experience across its ecosystem.
World Liberty Financial’s Vision for DeFi
Founded in 2024 and supported by prominent figures like U.S. President Donald Trump, World Liberty Financial aims to unlock financial access for all with its USD1 stablecoin. With a focus on transparency and innovation, the project continues to strengthen its position in the global DeFi market and provide reliable, dollar-backed digital assets for on-chain transactions.
Why Stablecoins Matter for Prediction Markets
The integration of USD1 into Myriad highlights the increasing importance of stable digital assets in prediction-based ecosystems. Stablecoins enable smooth transitions between crypto and traditional financial systems by offering a consistent store of value. They also ensure minimal exposure to market fluctuations, which is particularly crucial for on-chain prediction markets.
Recommended Product: Ledger Nano X
For those diving into the DeFi world or leveraging stablecoins like USD1, securing your digital assets is vital. The Ledger Nano X, a leading crypto hardware wallet, allows users to securely store their cryptocurrencies and stablecoins, providing peace of mind while exploring decentralized markets. Learn more about it here.
Conclusion
As decentralized finance continues to evolve, the partnership between World Liberty Financial and Myriad represents a new chapter in the seamless integration of stablecoins and prediction markets. By unlocking new financial possibilities and enhancing accessibility for users worldwide, USD1 and the advancements brought by Myriad showcase the growing potential of blockchain technology in shaping the future of finance.
