World Liberty Financial, the crypto company linked to President Donald Trump’s family, has entered into a strategic partnership with Spacecoin to connect decentralized finance to the satellite internet.
The agreement includes a symbolic exchange that links the two projects, laying the foundations for future collaboration on payments, settlements and coordination in areas beyond the reach of traditional financial networks.
Spacecoin, which recently launched three satellites into low Earth orbit, is building what it calls a decentralized physical infrastructure network. The goal is to provide permissionless Internet access via a growing constellation of satellites, starting with remote and underserved communities.
The idea is to give people living in places with poor or no broadband coverage a way to access the Internet without relying on governments or telecommunications monopolies.
But connecting to the Internet is only one piece of the puzzle. “True digital freedom also requires access to robust, fair and open financial services,” Spacecoin founder Tae Oh said in the announcement.
World Liberty Financial supports the protocol with tools allowing users to send, receive and settle payments. The new partnership comes just weeks after the Trump family-linked company said a subsidiary, World Liberty Trust Company, had applied for a national charter with the U.S. Office of the Comptroller of the Currency.
The crypto company launched a dollar-pegged stablecoin, $1, last year. It has since grown its market capitalization to $3.2 billion, and to support its use cases, it launched World Liberty Markets to offer lending and borrowing services.
