The Trump family’s project, World Liberty, reportedly discussed a possible partnership with Binance, a major cryptocurrency exchange.
The Trump family’s project, World Liberty, is said to have discussed a partnership with Binance, a major cryptocurrency exchange, to launch a U.S. dollar-supported stablecoin, according to a Bloomberg report.
These talks appear to have fizzled out with no transactions taking place and some details missing about the progress of the talks.
Sources who spoke on the condition of confidentiality to share information about the talks said that Binance and World Liberty personnel discussed the possibility of a collaboration on a stablecoin.
World Liberty was launched by Donald Trump and his sons in September 2024, and according to official documents, family members would receive 75% of the project’s total net revenue stream.
Following his halfway house stay and participation in Bitcoin MENA 2024 Abu Dhabi, in which he met with Steve Witkoff, who co-founded World Liberty and had been appointed by Trump as the Middle East envoy, according to the report, CZ met with Witkoff to discuss a partnership.
The possibility of Binance, a leading cryptocurrency exchange, and the Trump family collaborating on a project has sparked interest among crypto enthusiasts and professionals. A link between Binance and Trump’s family members could introduce significant changes to the cryptocurrency industry.
If Binance were to develop a stablecoin for World Liberty, it would likely be subject to national regulations and U.S. governmental oversight.
At present, there is no confirmation of any agreement reached between the parties. However, the ongoing discussions and denials continue to fuel speculation in both the political and financial domains.
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