Trump-Backed WLFI Secures $10 Million USD1 Tokens from BitGo, Boosting Institutional Liquidity

According to Onchain Lens data reported by COINOTAG News on June 4th, the cryptocurrency initiative supported by former President Trump, WLFI, secured a significant transfer of 10 million USD1 tokens from BitGo. BitGo, acting as the primary custodian for the USD1 stablecoin reserves, plays a crucial role in maintaining liquidity and facilitating institutional-level brokerage services. This transaction underscores BitGo’s expanding influence in the digital asset custody and trading ecosystem, reinforcing its position as a trusted intermediary for large-scale crypto operations. Market participants should note the strategic importance of custodial partners like BitGo in ensuring seamless liquidity management and compliance within regulated crypto markets.