
Haotian | CryptoInsight|Jul 04, 2025 05:37
In recent days, the secondary market performance of @ luminance network PLUME has been good, verifying a fact: if the current Crypto market can be linked to the Trump family, it can reap stable happiness? What exactly is going on?
Recently, Plume announced a significant partnership with World Liberty Finance (WLFI) @ worldlibertyfi, founded by the Trump family, becoming the first RWA chain to integrate USD1 into its native stablecoin pUSD reserve asset.
USD 1 is a stable currency supported by the Trump family, with 1:1 full anchoring endorsement of US treasury bond bonds. Its current market value is $2.2 billion, and its 24-hour trading volume ranks second only to USD in the stable currency market.
In other words, USD1 is not an ordinary stablecoin project, as it has the dual endorsement of the Trump family and the SEC. In the context of the current encryption friendly government, this is equivalent to the RWA track gaining a 'policy through train'.
So, what are the core highlights of this collaboration?
1) It has become a fact that RWA undertakes large-scale commercial applications of institutional level funds: MGX, supported by the United Arab Emirates, has settled a $2 billion investment in Binance with USD1, verifying that RWA's narrative has already had significant commercial applications.
Therefore, for Plume, accessing USD1 not only provides liquidity support of $2.2 billion, but also means that RWA has been extracted from pure DeFi scenarios and become an infrastructure that can undertake huge amounts of traditional financial funds. Essentially, it represents the transition of RWA from "concept validation" to "commercialization landing";
2) The market structure of stablecoins is uncertain: USD1 has a market value ranging from zero to 2.2 billion US dollars, and its 24-hour trading volume can surpass USDC to rank second. Such a fast speed actually proves that the duopoly competition pattern of USDT, USDC, etc. is easily leveraged by USD1 with "political endorsement".
Obviously, Plume's early access to USD1 is actually an attempt to gain an early foothold in the stablecoin market landscape. While other RWA projects are still struggling to choose USDT or USDC, Plume has already stood on the side of policy certainty;
To sum up, in the current environment where Crypto is easily influenced by policies, sometimes' political correctness' can bring short-term excess returns more than technological innovation. The market's pursuit of concepts related to the Trump family has formed a mature investment logic, and this short-term political dividend is likely to be enjoyed for a while.
Of course, policy friendliness can only be considered a short-term catalyst, and in the long run, projects still need to return to fundamental tests. Especially, the RWA ecosystem can truly undertake more traditional assets on the chain, and whether it can make differentiated product innovations within a compliance framework, and so on.
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