News

According to official news, World Liberty Financial (WLFI) and AB Public Chain have announced a partnership, and USD1 has officially completed its deployment on the AB Public Chain. Leveraging the high-performance network of the AB Public Chain, USD1 provides users with a faster and more convenient stablecoin experience on-chain. This collaboration will further enrich the DeFi and payment ecosystem of the AB Public Chain, injecting stronger stablecoin infrastructure for scenarios such as trading, lending, and liquidity. At the same time, the AB decentralized wallet, AB Wallet, is also committed to creating the most user-friendly USD1 wallet: supporting zero transaction fees, instant settlement, and full compatibility with all chains where USD1 is available. In the future, value-added services such as USD1 wealth management will also be considered. The launch of USD1 marks an important step forward in the stablecoin infrastructure development of the AB Public Chain.

According to ChainCatcher, data from GMGN shows that the token OOB of the crypto payment company Oobit briefly surpassed $0.8 and is now trading at $0.56, with a current market capitalization of $560 million, a 24-hour trading volume of $11.1 million, and a 24-hour increase of 342%. As previously reported by ChainCatcher, Malaysian technology consulting company VCI Global plans to acquire $100 million worth of OOB tokens. OOB is the utility token of the crypto payment company Oobit, which is backed by Tether. According to the transaction structure, VCI Global has acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to purchase an additional $50 million worth of tokens on the secondary market after the public offering of the token. VCI Global stated that upon completion of the transaction, Tether will become its largest shareholder. ChainCatcher reminds users that the prices of related tokens are highly volatile, and investment should be approached with caution.