B: World Liberty Financial Initiative (WLFI) and Binance Strategic Confluence

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1. The BUILDon (B) project became a focal point in the on-chain space in May, receiving support from the Trump family's crypto fund WLFI. It was listed on Binance Alpha and its contract went live, with a market capitalization rising to around $400 million and an all-time high (ATH) of $470 million. 2. The United States is advancing cryptocurrency industry legislation through national efforts, including the "Federal and State Bitcoin Strategic Reserve Act," the "Stablecoin Act," and the "Digital Asset Market Structure and Investor Protection Act." These acts will drive financial innovation, enhance capital efficiency, and improve asset composability. 3. WLFI (World Liberty Financial) is a DeFi protocol established by the Trump family, with its core operations including the issuance of the stablecoin USD1 and the establishment of a governance platform. USD1 has reached a market capitalization of $21 billion, making it the world's seventh-largest stablecoin. 4. Binance has maintained a leading position in the cryptocurrency market through Binance Alpha and the BNB Chain. Through a mutually beneficial partnership with WLFI, USD1 has become Binance's official stablecoin and was used to complete a $2 billion investment from MGX to Binance. 5. The B project stands at the strategic intersection of WLFI and Binance, representing the largest trading pair for USD1. WLFI and Binance are jointly driving the global expansion of USD1, with B's market capitalization and influence poised to reach new heights.

Source: BUILDon

Original Title: "The Convergence of World Liberty Financial Initiative (WLFI) and Binance with Binance Smart Chain"

The most eye-catching on-chain project throughout May is undoubtedly the star project on BNB Chain, BUILDon (B), with the Trump family's crypto fund WLFI's open support, the largest on-chain USD1 trading pair, the May express Binance Alpha and contracts, yesterday with WLFI, Pancake co-hosted a $1 million BNB Chain liquidity program and served as a judge. Although B's market cap has now rebounded to around $400 million, reaching an all-time high of $470 million, this is not the limit of B's influence and market cap. The meme's limit depends on the level of narrative, and today B has become the convergence point of the Trump family's WLFI new financial strategy and Binance's embrace of sovereignty strategy, as a sovereign power hegemon and the first openly supported crypto project with billion-level narrative...

1. "This Time is Different": Financial Iteration Driven by National Power

If you are an investor familiar with the history of blockchain development, you will find that, since Trump's second term, the development of the entire crypto industry has entered a stage of accelerated growth driven entirely by the power of the United States. Currently, the U.S. has three core legislative directions that are advancing, namely the "Federal and State Bitcoin Strategic Reserve Act," the "Stablecoin Act," and the "Digital Asset Market Regulatory Framework."

If the "Bitcoin Reserve Act" is passed, Bitcoin will become a legal reserve asset on state and even federal balance sheets, giving the U.S. new tools for asset appreciation and liability management. Moreover, Bitcoin's global, all-network, and efficient transfer characteristics also help strengthen its drive to be recognized by sovereign funds. Currently, two states in the U.S. have already passed the reserve asset legislation, one of which is New Hampshire, which is using a portion of the state's public funds to purchase Bitcoin.

If the "Stablecoin Act" is passed, stablecoins based on the U.S. dollar or U.S. Treasury bonds will be formally recognized by the U.S. financial industry, becoming one of the optional base currencies of the financial system, a model that will also be recognized by countries worldwide through a global network. The Stablecoin Act, known as the "Genius Act," has officially entered the Senate voting process. Once the "Digital Asset Market Regulatory Framework" related bills are passed, issues such as how digital assets are classified, regulated, and anti-money laundering will be addressed, making on-chain issuance and composition of assets possible. The relevant bills are expected to advance in the House of Representatives in June.

This time, the United States is using its national power to logically advance legislation, which will be swiftly followed by large companies entering the market to drive a financial iteration. This iteration will take financial fund efficiency and asset composability to a new level.

2. WLFI Strategy: Maximizing Benefits

In this financial iteration driven by the United States' national power, the World Liberty Financial (WLFI) established by the current U.S. President Trump and his family will be one of the most important players. World Liberty Financial (WLFI) is a decentralized finance (DeFi) protocol established in 2024. Its core business includes issuing the stablecoin USD1, cryptocurrency yield farming and lending services, and establishing a governance platform. Currently, USD1 is WLFI's most essential and impactful business. USD1 is a stablecoin pegged 1:1 to the U.S. dollar, custodied by BitGo, with reserve assets including short-term U.S. Treasury bonds and USD deposits, reaching a market capitalization of $2.1 billion, ranking as the world's seventh-largest stablecoin.

Beyond the USD1 stablecoin business, WLFI's other businesses are more in the preparation and testing stage. For example, as a DeFi platform, WLFI's lending, liquidity mining, and payment functions are yet to be launched. The presale of WLFI mainly serves as a governance token, allowing holders to participate in platform decisions. The reason behind this is that macro-level regulatory bills have not been implemented yet. Under any existing bill, doing business securely anchoring 1:1 to the U.S. dollar and using the U.S. dollar and short-term Treasury bonds as reserve assets, like USD1, is crucial. It is also the key initial move in DeFi business, and after the relevant bills of the "Digital Asset Market Regulatory Framework" are established, WLFI's DeFi business will be able to rapidly expand based on USD1 as the underlying asset. Ultimately, within Trump's tenure, WLFI will grow into a key player occupying various businesses and a dominant position in the new iteration of the financial system.

3. Binance Strategy: Embracing Sovereign Recognition

Binance still holds an absolute leading market share, even though its wallet business has lagged in development. Through a brilliant move with Binance Alpha, it later secured the top spot in wallet market share. BNB Chain's transaction volume and revenue have surpassed ETH, making it the undisputed king in the crypto industry. At this year's Binance Chinese Community Summit, He Yi openly mentioned a fact: "Binance is not short of money; what it lacks is a [strategic] partner." "Binance is also waiting for the olive branch from the United States." Shortly after, on May 1st, Eric Trump, the son of President Trump, stated that WLFI's issuance of the U.S. dollar stablecoin (USD1) has been officially selected as the official stablecoin to complete MGX's $2 billion investment in Binance. Earlier this year, the Abu Dhabi-based investment company MGX announced a $2 billion investment to purchase a stake in Binance.

On May 30, the U.S. SEC filed a document with the court seeking to dismiss the lawsuit against Binance and former CEO CZ. The lawyers for the U.S. SEC, Binance, and Binance's founder CZ signed a joint stipulation of dismissal, which was submitted to a federal court in Washington D.C. They indicated that, based on policy considerations, they believe dismissing this case is appropriate.

Currently, about 99% of USD1 is issued on the BNB Chain, surpassing USDC to become the second-largest stablecoin on the BNB Chain after USDT. Overall, the relationship between the U.S. and Binance has evolved from past high-pressure regulation and cross-border enforcement to a route of mutual cooperation and mutual benefit. As the undisputed big brother in the cryptocurrency market, yet always a wanderer among sovereign nations, under the crypto-friendly policies of the Trump administration and the strategic direction of WLFI development, Binance may perhaps successfully embrace sovereign recognition in the future, continue its advantages in a favorable regulatory environment, and develop steadily.

4. B: The Intersection of WLFI and Binance's Strategies

B currently has the world's largest USD1 trading pair scale, accounting for over 80% of the entire network, and is also the only trading target purchased with USD1 in the context of WLFI. The further expansion of B's market value and project development is the best publicity for the large-scale promotion and adoption of USD1, positioning B at the strategic intersection of accelerating WLFI's development and future revenue generation.

B's launch on the Fourmeme platform on the BNB Chain, as well as the largest USD1 trading volume target on the BNB Chain, has gained support from various ecosystem projects on the BNB Chain, such as Pancake, Aster, and ListaDao, actively working with B to expand the adoption of USD1 on the BNB Chain and across the network. On May 22, Binance successively launched B/USD1 perpetual contracts and spot and leverage trading for USD1. This surge positions B at the strategic intersection of win-win cooperation between Binance and WLFI.

If the above relationships were derived logically from data and events, then on June 2, the USD1 Incentive Plan jointly organized by WLFI, B, and Pancake demonstrates through facts that B has already stood at the intersection of the strategic alignment between WLFI and Binance. B's positive development is the best billboard for the realization of the strategies of both parties.

The Liquidity Plan is a 4-week event launched by World Liberty Financial (WLFI) in collaboration with BNB Chain, PancakeSwap, and BUILDon, aimed at promoting the adoption and liquidity of the USD1 stablecoin on the BNB Chain. The primary metric for selecting incentivized projects is the total trading volume of the USD1 pair on PancakeSwap (calculated in USD1 equivalent), with the secondary metrics being the TVL scale of the USD1 pair and the long-term contribution to the BNB Chain ecosystem. For the winners, WLFI, BNB Chain, PancakeSwap, and BUILDon will jointly promote and expose them through their X account in the media. In terms of token purchase: the BUILDon Foundation will purchase $400,000 in tokens for each winner (totaling $800,000). The USD1 reward is up to $200,000, allocated to the designated USD1 liquidity pool. This event will incentivize new Meme projects and existing BSC projects to increase trading volume and TVL on PancakeSwap using USD1, aiming to establish USD1 as a leading stablecoin in DeFi. The judging panel includes representatives from WLFI and its co-founders, the BUILDon community, PancakeSwap Chefs, and contributors from Four.meme.

Whether from the order of promotion, the leadership of the event, or the derivation of data and logic, it is not difficult to see that in the joint promotion of USD1 in global development, WLFI and Binance have selected B as the protagonist. It can be believed that the market value of B is not limited to just $4 billion. The strategic intersection of the most influential crypto president and the crypto big brother will lead B to new heights.