Overview
- Powered by Dolomite, the new onchain platform supports ETH, cbBTC, USDC, USDT, USD1, and WLFI on Ethereum at launch, with additional networks planned.
- Company figures show roughly $20 million in assets supplied since launch, led by deposits of the USD1 stablecoin.
- USD1 suppliers can access promotional incentives, including a reported 27% rate and a points program for qualifying deposits.
- USD1 has grown to about $3.4 billion in circulation since March 2025, elevating it into the upper tier of dollar-pegged tokens.
- An affiliated entity’s Jan. 7 application for an OCC trust/bank charter remains pending, as the Trump-linked venture faces scrutiny over conflicts of interest and transparency.