By: Chioma Madonna Ndukwu
Former U.S. President Donald Trump has launched a new cryptocurrency platform called World Liberty Financial, alongside his sons and a team of entrepreneurs.
The two-hour online event, held on Monday evening, offered limited details about the initiative, but it was revealed that users will be able to purchase digital tokens, giving them a say in platform governance.
The platform aims to operate within the decentralized finance (DeFi) space, eliminating traditional banking intermediaries through blockchain technology. Donald Trump Jr. described the venture as the beginning of a “financial revolution.”
Key figures in the project, Zachary Folkman and Chase Herro, emphasized that the platform would use stablecoins—cryptocurrencies backed by traditional currencies like the dollar—to reduce volatility.
Though Trump previously criticized cryptocurrencies, he has shifted his position, now promoting himself as pro-Bitcoin in contrast to the Biden administration’s regulatory stance on crypto. The timeline for World Liberty Financial’s rollout remains undisclosed.
SOURCE: Informant online
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