Online and offline transactions now accept World Liberty Financial's USD1 through AEON for seamless payment solutions.
Crypto payment protocol AEON has integrated World Liberty Financial's USD-backed stablecoin, USD1, into its global payment ecosystem.
In a recent blog post, AEON announced its collaboration with the Trump-backed crypto project, integrating USD1 into its system as of May 30. This partnership allows AEON users to make payments with USD1 across more than 20 million offline retail merchants throughout Southeast Asia, as well as additional regions connected to AEON Pay.
AEON aims to expand this integration into other markets, such as Africa and Latin America, Once AEON Pay is available in these regions, users will also be able to pay using World Liberty Financial's stablecoin.
According to AEON, their platform enables stablecoin payments for both online and offline merchants, facilitating everyday purchases like in-store shopping, dining, and top-ups. Transactions are processed through AEON's settlement infrastructure, which handles token management and merchant settlements.
AEON is the latest crypto project to integrate USD1 into its ecosystem, joining the ranks of the Tron network, BUILDon, Alchemy Pay, and Bitget, among others. The integration was noteworthy when USD1 was chosen as the stablecoin used to facilitate MGX's investment into Binance, marking the single largest investment ever fully paid in stablecoins with a value of $2 billion.
At the time of publication, USD1 had amassed a market cap exceeding $2.15 billion according to CoinMarketCap. The stablecoin currently has a circulating supply of 2.15 billion tokens. Earlier this month, World Liberty Financial greenlit a proposal suggesting the project would airdrop a small amount of USD1 to all eligible WLFI token holders to test the feature, although the exact date for the airdrop and the amount each WLFI holder would receive has not been announced.
The integration of USD1 enhances the real-world utility of digital assets, combining security, speed, and compliance, as part of AEON's mission to power and deliver frictionless crypto payments across chains, currencies, and regions.
- AEON, following the integration of USD1 into its system, announced their collaboration with a Trump-backed crypto project, aiming to expand this partnership into markets like Africa and Latin America.
- USD1, the USD-backed stablecoin, has already been integrated into the Tron network and is now also available on AEON, joining a list that includes BUILDon, Alchemy Pay, Bitget, and others.
- Once AEON Pay is available in the aforementioned regions, users will be able to make payments using USD1, enabling stablecoin transactions for both online and offline merchants.
- The integration of USD1 into AEON's ecosystem was significant, as it was the stablecoin used to facilitate MGX's investment into Binance, marking the single largest investment ever fully paid in stablecoins with a value of $2 billion.
