Aster partners with WLFI to list USD1 trading pair

Aster has issued an official announcement regarding its trade partnership with Trump-linked World Liberty Financial (WLFI).

Earlier this month, the founder and chief executive of Aster, Leonard, hinted at the collaboration, stating, "Word travels fast in this space. Had an amazing time with World Liberty Financial and everyone who joined us in Dubai. We’re exploring ways to expand USD1 adoption together. Stay tuned."

Today, on its X platform, the exchange officially announced its collaboration. The announcement highlighted a "Rocket Launch Round 4" for the RAVE/USD1 pair, offering a 1.5x symbol boost in Stage 4 Harvest.

Aster Teases the Addition of Further USD1 Pairs

The announcement specifically named RAVE/USD1. However, it teases the addition of further USD1 pairs, which could potentially include major assets like BTC/USD1, ETH/USD1, or SOL/USD1, based on the platform’s existing focus on high-leverage perpetual trading.

"We’re excited to share that we’re collaborating with worldlibertyfi to list the USD1-denominated RAVE/USD1 trading pair on Aster and bring more USD1 trading pairs across the Aster ecosystem," the exchange wrote.

These pairs allow traders to use USD1, a stablecoin managed by WLFI, as a base currency, potentially offering stability amid volatile market conditions. The platform features MEV-free processing and up to 100x leverage in simple mode. This is designed to attract both regular and professional traders who seek to trade safely and efficiently.

Analysts suggest that WLFI’s government support and Aster’s cutting-edge technology should help the platform gain more attention and users. The RAVE/USD1 pair is also expected to increase short-term trading volume and liquidity due to promotional exposure.

Additionally, Aster’s ecosystem buyback mechanisms and governance, facilitated through the ASTER token, are anticipated to increase demand as trading activity grows. However, experts caution that RAVE is a meme-based token, and USD1 is a new stablecoin that must compete with existing options.

Market Performance and Related Developments

Meanwhile, the performance of the involved tokens shows mixed reactions. RAVE has experienced a 20% increase in value over the past few days.

By extension, ASTER has seen a 15% price increase since the announcement of the initial collaboration. However, over the last 24 hours, the coin has decreased by 2%, now trading at approximately $0.93, with the total value locked (TVL) surpassing $1 billion. On the other hand, WLFI has declined 2.6% in the last 24 hours, trading at $0.148.

Previously, as reported by Cryptopolitan, Aster cancelled all trading fees on its stock perpetual contracts. This move aims to attract crypto users seeking exposure to US equities, such as Nvidia, Tesla, and Apple, without traditional brokerage restrictions.

In addition, Brevis, a platform specializing in zero-knowledge (ZK) verifiable computation, announced a partnership with Aster. This collaboration is intended to enhance the speed, security, and privacy of transactions on Aster by moving complex on-chain computations off-chain and confirming them with zero-knowledge proofs.