Donald Trump Launches World Liberty Financial: A New Cryptocurrency Platform
Republican presidential candidate Donald Trump has launched his cryptocurrency platform, World Liberty Financial (WLF), during an event broadcast live on the social network X. The project aims to appeal to the American crypto community, even as Trump, once a critic of cryptocurrencies, has now become a fervent defender of the sector.
A New Direction Towards Cryptocurrencies
Presented as an alternative to traditional financial institutions, WLF intends to promote decentralized finance (DeFi). This approach allows transactions to be carried out without an intermediary, thanks to blockchain technology, which guarantees the security and transparency of exchanges. Stablecoins, cryptocurrencies whose value is backed by a traditional currency, such as the dollar, will be at the heart of the platform. They offer the advantage of stability, avoiding the extreme fluctuations experienced by other cryptos.
World Liberty Financial aims to attract a broad audience to cryptocurrencies, focusing on services such as user-to-user lending and borrowing of cryptocurrencies. Users will also be able to deposit cryptocurrencies as collateral to obtain larger loans. In addition, the platform plans to sell tokens (WLFI) that will allow holders to participate in the governance of the platform, although these tokens cannot be resold. Approximately 63% of these tokens will be made available to the public, but no launch timeline has been announced yet.
In his speech, Donald Trump stressed the importance of relocating cryptocurrency production to the United States, positioning himself as the champion of digital currencies in the face of the Biden administration's policies, which are often perceived as restrictive. He claimed that his project would be crucial for the financial security of Americans, declaring: "This is the beginning of a financial revolution."
A Strong Team Behind the Project
World Liberty Financial is backed by Trump’s sons Donald Jr. and Eric, as well as established crypto entrepreneurs Zachary Folkman and Chase Herro. Together, they are working to develop this platform that could be a game changer in the American financial landscape.
In summary, with World Liberty Financial, Donald Trump aims to mark a turning point in his political strategy by positioning himself as a key player in innovation in the field of cryptocurrencies, a bold choice a few months before the presidential elections.
