PANews reported on October 28th that USD1, the stablecoin associated with US President Trump, is deepening its ties with DeFi. Enso, a provider of cross-chain deployment shortcuts for crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso's technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major players, including institutions, enabling them to leverage deep liquidity and optimal pricing." According to the announcement, Enso's goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols across different blockchains." Following the partnership with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, borrow, and transfer the stablecoin across different blockchains.PANews reported on October 28th that USD1, the stablecoin associated with US President Trump, is deepening its ties with DeFi. Enso, a provider of cross-chain deployment shortcuts for crypto projects, announced on Monday that USD1 is the latest project to adopt its technology stack. Enso's technology allows crypto projects to easily deploy across different blockchains. Enso founder Connor Howe stated that this will "make DeFi more attractive to major players, including institutions, enabling them to leverage deep liquidity and optimal pricing." According to the announcement, Enso's goal is to "make USD1 ubiquitous on-chain and distribute its liquidity across protocols across different blockchains." Following the partnership with Enso, USD1 will be available on margin trading protocols such as Dolomite, allowing users to trade, borrow, and transfer the stablecoin across different blockchains.

                                                                               Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December.                     The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast:Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more