Crypto market maker DWF Labs invests $25M in Donald Trump-backed DeFi project World Liberty Financial

Crypto market maker DWF Labs announced a $25 million investment in World Liberty Financial, the decentralized finance (DeFi) project backed by US President Donald Trump and his sons

Crypto market maker DWF Labs has announced a $25 million investment in decentralized finance (DeFi) project World Liberty Financial, backed by US President Donald Trump and his sons.

As part of its global expansion plans, DWF Labs has also established an office in New York City.

Announced on April 16, Dubai-based DWF Labs said it had purchased tokens in WLFI through a private transaction.

The firm said the transaction reflects its intent to participate in WLFI’s governance. As tokenholders, they will be able to vote on decisions that impact the ecosystem.

WLFI launched on Sept. 16, to promote DeFi and US dollar-pegged stablecoins.

During the launch, Trump said the family was “embracing the future with crypto and leaving the slow and outdated big banks behind.”

The Trump family is launching a new cryptocurrency called USD1. It will be a stablecoin pegged to the US dollar and will be launched on BNB Chain and Ethereum.

The stablecoin will be available for trading on major cryptocurrency exchanges.

The Trump family’s involvement in crypto began in August when President Trump announced the launch of his own cryptocurrency.

The family has been teasing the project on social media for months.

The project will be powered by blockchain technology and will aim to provide a decentralized and transparent system for financial services.

DeFi project WLFI launches stablecoin USD1 on BNB Chain, Ethereum

World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by U.S. President Donald Trump and his sons, has launched its stablecoin, World Liberty Financial USD (USD1).

Announced on March 24, the project said the stablecoin would launch on BNB Chain and Ethereum.

USD1 will be available for trading on major cryptocurrency exchanges.

The stablecoin is an initiative to promote financial inclusion and broaden access to the digital economy.

“We are excited to launch USD1 as part of our ongoing efforts to drive innovation in the DeFi space,” said a spokesperson for WLFI.

“The stablecoin will provide users with a reliable and convenient means to carry out transactions within the Web3 ecosystem.”

The Trump family’s involvement in crypto began in August when President Trump announced the launch of his own cryptocurrency.

The family has been teasing the project on social media for months.

The project will be powered by blockchain technology and will aim to provide a decentralized and transparent system for financial services.