AEON, a leading cryptocurrency payment protocol, has officially integrated World Liberty Financial’s USD-backed stablecoin, USD1, into its global payment ecosystem. This integration opens new possibilities for seamless transactions across millions of merchants worldwide.

AEON Partners with World Liberty Financial

On May 30, AEON announced its collaboration with World Liberty Financial, incorporating USD1 into its payment platform. This move enables users to make payments using USD1 at over 20 million offline retail merchants across Southeast Asia and other regions connected to AEON Pay.

The integration is part of AEON’s broader strategy to expand its services globally. The company has revealed plans to enter new markets, including Africa and Latin America. Once operational in these regions, users will also be able to use USD1 for payments, further enhancing its accessibility and utility.

“AEON now supports USD1, the fully-backed stablecoin launched by World Liberty Financial, inspired by President Trump’s vision for digital finance,” the company stated in a recent social media update.

How AEON Pay Works

AEON Pay facilitates stablecoin payments for both online and offline merchants. This includes everyday transactions such as in-store shopping, dining, mobile top-ups, and other routine purchases. The platform’s settlement infrastructure manages token transactions and ensures smooth settlements with merchants, making it a reliable payment solution.

Growing Adoption of USD1

AEON is the latest in a series of crypto projects to integrate USD1 into its ecosystem. Other platforms that have adopted USD1 include the TRON network, BUILDon, Alchemy Pay, and Bitget, showcasing the growing demand for stablecoins in digital finance.

Notably, USD1 gained significant attention when it was chosen as the official stablecoin to facilitate MGX’s $2 billion investment into Binance. This investment represents the largest transaction ever conducted entirely in stablecoins, further solidifying USD1’s role in the cryptocurrency landscape.

Market Performance of USD1

As of now, USD1 has achieved a market cap exceeding $2.15 billion, with a circulating supply of 2.15 billion tokens. This growth highlights the increasing trust and adoption of this stablecoin among users and institutions alike.

Upcoming Developments

Earlier this month, World Liberty Financial approved a proposal to airdrop a small amount of USD1 to eligible WLFI token holders as part of a feature-testing initiative. While the exact date and distribution details are yet to be announced, this move is expected to further incentivize user participation and engagement with the platform.

With AEON’s integration of USD1 and its ongoing global expansion, the cryptocurrency space continues to evolve, offering new opportunities for users and businesses to embrace digital finance. Stay informed about the latest developments in the crypto world as this sector continues to grow.

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