World Liberty Financial’s Stablecoin Ambitions Revealed

A project linked to Donald Trump, World Liberty Financial, is planning to launch a stablecoin, according to Decrypt, citing sources.

The tool is currently under development. The team is working on ensuring its safety before bringing it to market, the publication notes.

Simultaneously, efforts are underway on the core components of World Liberty Financial, with preparations for a launch “at the right moment.”

In October, Paxos co-founder Rich Teo joined the project as the leader for stablecoins and payments, confirming the Trump family’s intention to release a stablecoin, media reports highlight.

In mid-September, the sons of the presidential candidate presented World Liberty Financial and announced the upcoming WLFI token sale. By the end of the month, verification for the upcoming token sale was opened on the official website.

In mid-October, fundraising began. In the first hour, World Liberty Financial raised $5 million—1.7% of the target amount.

To date, 957 million tokens out of the planned 20 billion have been sold at a rate of $0.015. The project has raised $14.3 million.

DT Marks DEFI, an organization associated with Donald Trump, claims 75% of the net income from World Liberty Financial.