Donald Trump's Crypto Portfolio Continues to Grow with the Launch of World Liberty Financial's Stablecoin

His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the U.S. dollar, according to Bitcoin or Ethereum can soar or plummet 10%

President Donald Trump's crypto portfolio continues to grow. His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the U.S. dollar, according to a statement on Tuesday.

The project, which is focused on DeFi, or decentralized finance, has also raised $550 million in token sales, Trump family members and project cofounders announced.

World Liberty Financial is one of Trump’s crypto products, which also include NFTs and a memecoin. Its product plans are vague. It hasn't launched yet, and its website has few details on what the platform does. The project's “gold paper” says it intends to be a hub where users can access a suite of DeFi applications, like decentralized lenders or decentralized crypto exchanges. Trump is listed as “Chief Crypto Advocate”.

DeFi applications aim to replicate the businesses of banks—lending and borrowing—but on blockchains.

The project's products are still in the works, but it has allowed people to buy its own cryptocurrency: $WLFI. The token allows users to vote on certain proposals that govern the yet-be-launched DeFi platform, according to the gold paper.

Investors have flocked into the Trump family's cryptocurrency. On Tuesday, the project announced that it had raised $550 million in token sales.

The project's cryptocurrency is still in the early stages of development, and it remains to be seen whether World Liberty Financial will be successful in launching its products and building a sustainable business.

However, the project has already generated significant interest among cryptocurrency investors, and it could become a major player in the DeFi space.

The project's cryptocurrency is also available for purchase on several cryptocurrency exchanges.

The project's founders include Trump's sons—Barron, Eric, and Donald Jr.—who are World Liberty Financial's “Web3 Ambassadors.” Steve Witkoff, a Trump loyalist and real estate magnate, as well as his two sons, Alex and Zach are also listed as cofounders.

And two DeFi developers, Zak Folkman and Chase Herro, are listed as cofounders. The pair were behind the crypto project Dough Finance, which suffered a $2 million hack in July.output: President Donald Trump’s crypto portfolio continues to grow. His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the U.S. dollar, according to a statement on Tuesday.

The project, which is focused on DeFi, or decentralized finance, has also raised $550 million in token sales, Trump family members and project cofounders announced.

World Liberty Financial is one of Trump’s crypto products, which also include NFTs and a memecoin. Its product plans are vague. It hasn't launched yet, and its website has few details on what the platform does. The project's “gold paper” says it intends to be a hub where users can access a suite of DeFi applications, like decentralized lenders or decentralized crypto exchanges. Trump is listed as “Chief Crypto Advocate”.

DeFi applications aim to replicate the businesses of banks—lending and borrowing—but on blockchains.

The project's products are still in the works, but it has allowed people to buy its own cryptocurrency: $WLFI. The token allows users to vote on certain proposals that govern the yet-be-launched DeFi platform, according to the gold paper.

Investors have flocked into the Trump family's cryptocurrency. On Tuesday, the project announced that it had raised $550 million in token sales.

The project's cryptocurrency is still in the early stages of development, and it remains to be seen whether World Liberty Financial will be successful in launching its products and building a sustainable business.

However, the project has already generated significant interest among cryptocurrency investors, and it could become a major player in the DeFi space.

The project's cryptocurrency is also available for purchase on several cryptocurrency exchanges.

The project's founders include Trump's sons—Barron, Eric, and Donald Jr.—who are World Liberty Financial's “Web3 Ambassadors.” Steve Witkoff, a Trump loyalist and real estate magnate, as well as his two sons, Alex and Zach are also listed as cofounders.

And two DeFi developers, Zak Folkman and Chase Herro, are listed as cofounders. The pair were behind the crypto project Dough Finance, which suffered a $2 million hack in July.