World Liberty Financial (WLFI) Officially Launches Today, Targeting US-Dollar Dominance in Global Markets

Former President Donald Trump announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter).

Former President Donald Trump has announced the upcoming launch of World Liberty Financial (WLFI), a new crypto project set to launch on Monday, Sept. 16 during a livestream on X (formerly Twitter).

Trump shared the news on Monday via a teaser video on social media, where he stated, “We are embracing the future with crypto and leaving the slow and outdated big banks behind.”

The Trump family, including Eric and Donald Trump Jr., has been heavily involved in WLFI’s development, playing key roles in the project’s direction and strategy.

WLFI aims to promote the use of U.S.-pegged stablecoins, with a focus on preserving the dollar’s role in global financial markets. The project has partnered with Aave to develop tools and infrastructure that could drive stablecoin adoption across various sectors.

WLFI’s core mission centers on using stablecoins to ensure the U.S. dollar remains the dominant currency for global trade and settlement. In earlier statements, the project outlined its vision of countering foreign currencies that are gaining influence in the global market.

According to the project’s statements, stablecoins can help maintain the dollar’s role as a global financial leader for the foreseeable future. WLFI aims to provide an alternative to emerging digital currencies from foreign states by promoting the adoption of U.S.-pegged stablecoins.

However, WLFI’s plans to raise $540 million through a token sale have raised concerns, as the project will only sell 30% of the tokens, while 70% have reportedly been allocated to insiders.

Moreover, on-chain analysts have noted connections between WLFI and Dough Finance, a previous DeFi protocol that was compromised in a hack earlier this year, adding another layer of controversy to the project.

Meanwhile, the Trump family’s involvement in World Liberty Financial has sparked political discussions, with questions arising about whether the project’s focus is genuinely on decentralized finance innovation or more geared towards personal business interests.

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