The DeFi project World Liberty Financial (WLFI), supported by the Trump family, officially announced today a strategic partnership with the decentralized satellite network service provider Spacecoin. The two parties not only completed a token swap but also announced that they will jointly build a financial settlement layer that is 'completely independent of the traditional internet.'
This move is interpreted by the market as WLFI attempting to bypass the limitations of ground ISPs (Internet Service Providers) and the traditional banking SWIFT system, creating a truly 'censorship-resistant' DeFi infrastructure.
According to the cooperation agreement, the stablecoin USD1 issued by WLFI will become the native settlement currency on the Spacecoin satellite network. This means that in the future, users connecting to the internet via the Spacecoin satellite will default to using USD1 to pay bandwidth fees, make transfers, and engage in lending.
At the same time, both parties carried out a strategic token swap, with WLFI holding SPACE tokens, while Spacecoin held WLFI governance tokens to bind interests. It is worth noting that Spacecoin's native token SPACE is scheduled to officially launch trading (TGE) today (January 23), and the initial offering is expected to land on several top exchanges.
The core narrative of Spacecoin is DePIN (Decentralized Physical Infrastructure), which is deploying its own Low Earth Orbit (LEO) satellite constellation (similar to a mini version of Starlink). Its main selling point is the 'No Kill Switch,' which manages network access through blockchain technology, ensuring that no single government or telecom giant can cut off network access for specific users.
This collaboration aims to address the financial freedom issue of the 'last mile.' For users in areas with limited internet access or underdeveloped banking services, all that is needed is a satellite receiving terminal to connect directly to WLFI's DeFi protocol, enabling the transfer of USD1 without going through local telecom towers and bank branches.
Market analysis suggests that this is a crucial step for WLFI to shake off the 'meme coin' label. By binding physical satellite infrastructure, WLFI is transitioning towards RWA (Real World Assets) and DePIN dual tracks. Although the vision is grand, Spacecoin has only launched a small number of test satellites (CTC-1 mission), and there is still a long technical cycle before large-scale commercial use.
Additionally, this narrative of 'bypassing regulation' may raise the alert of regulatory agencies in countries outside the United States, especially regarding cross-border data transmission and capital flows. Moreover, the high latency and bandwidth costs of satellite internet remain bottlenecks, and it still needs to be validated whether complex DeFi interactions can run smoothly.
