TownSquare announces launch of $100 million USD1 stablecoin liquidity plan According to TechFlow, on May 14th, TownSquare, an infrastructure focused on institutional returns and cross chain lending brokerage services, announced the launch of a $100 million USD1 token liquidity plan. This plan aims to promote institutional and cross chain returns to more users through the USD1 stablecoin on the World Liberty Financial platform, using institutional income strategies. Previously, TownSquare had collaborated with the World Liberty Financial DeFi team to introduce USD1 tokens into the high-performance EVM chain Monad and received official incentives from the Monad Foundation. The team official stated that this new liquidity plan marks TownSquare's continued commitment to expanding the scope of DeFi applications and bringing institutional strategy returns to more assets. At present, the cross chain lending function has been launched on the official website of the project, and the interest bearing warehouse product is in the "upcoming launch" status. According to official information, the project has completed a round of financing before, supported by Monad, a16z, Aptos, Solana Bonk, as well as other European and American angel investors and a group of VCs. The team was founded by individuals with backgrounds in Coinbase, Meta, Accenture, and market makers. The new round of financing information for the project has not been announced yet.