Donald Trump’s family and business partners plunge into cryptographic projects that take shape, with World Liberty Finance which was to reveal Stablecoin on the BNB and Ethereum channel.
The team behind the World Liberty Financial (WLFI) project looked for the right time to issue tokens even before Donald Trump’s election as 47th President of the United States. According to recent chain data, the decentralized finance project (DEFI) has planned to launch its stablecoin.
Of the strategic calendar for the launch of Stablecoin
The WLFI team unveils the Stablecoin USD1 token after several months planning that started in October from last year. The Trump family and the business partners had not yet finalized several problems related to the security and legality of the product.
The time of the USD1 unveiling by the World Liberty team coincides with Trump approving supported stabins of a dollar alongside Congress support to legalize Stablecoins. The launch of the Ethereum and BNB channel is appropriate for the WLFI team to enter the increasingly congested and lucrative niche currently dominated by Tether (USDT) and USD Coin (USDC).
Stablecoins are set at the unit price of the underlying fiduciary currency with 1 USD depending on the US dollar. The token will be ramps and ramps on the traditional financing and cryptography markets. As such, they allow users to park chain funds as a currency with a fixed value despite market fluctuation. While the stablecoins have extended to local currencies, the main tokens serve as equivalents in dollars, even on the markets where such restrictions on the face.
The Stablecoins have, in the past year, offered immense profits to the issuers. As the largest stablecoin transmitter in the world, Tether (USDT) has produced $ 13 billion mainly by reinvesting user deposits in the American treasurys that include yield. The profitable nature makes the domain attractive for competitors from the world of crypto and tradfi.
Move American regulations on stablescoins
The United States is advancing towards the regulatory clarity of Stablecoins, whose legality is always an open question. The former administration of President Joe Biden saw the Securities and Exchange Commission (SEC) under the management of Gary Gensler Sue Stablecoins issuers, in particular Binance and Paxos, alleging the violation of securities laws. In a significant departure, the Trump administration approves Stablecoin, the passage of which via the Congress would resolve legal uncertainty.
The USD1 token by World Liberty is compatible with Ethereum and is therefore open to various projects on the blockchain network alongside BNB, which was developed by the Crypto Exchange Binance. The former binance chief, Changpeng Zhao (CZ), praised the news of the USD1 unveiling on the BNB in a welcome message directed towards world freedom via X..
World Liberty Scales Crypto Projects
The crypto project supported by Trump has set its operations in space, mainly concluding two cycles of governance token, WLFI, the sale winning $ 550 million. The team quickly hinted at the unveiling of the disruptive technology capable of redefining and extending the limits of digital assets.
A recent version of WLFI indicated that more than 85,000 participants completed your customer’s verification for access to the sale of tokens. Zach Wifkoff, co-founder of the project, has shown that WLFI is on the right track for the overeating of decentralized finances.
The project team announced in January that the founder of Tron Blockchain, Justin Sun, had increased his participation in $ 75 million in WLFI tokens. While the Trump family has unveiled the official pieces of the same Trump and Melania, the team is on the WLFI scale in the middle of the friendly crypto agenda.
Meanwhile, the DEFI project bought substantial quantities of Mntle MNT token a week after the completion of a significant technological upgrade on the network. The WLFI bought 3.54 million MNT for an average of 84 cents, pushing the transaction to nearly $ 3 million USDC by Arkham Intelligence and Lookonchain.
The Mantle Mainnet finished the incompatible upgrade backwards on March 19 to activate the EIGENA. EIGENA activation guarantees high safety and flow while providing an availability service for decentralized data on the Ethereum network. The network can treat additional transactions per block, which makes the coat better compatible with the upgrading of incoming Petra on Ethereum.
