Donald Trump Says Family’s World Liberty Financial Crypto Project Will Launch On Sept. 16

Former
US
president
and
Republican
candidate
Donald
Trump
has
announced
the
official
launch
date
of
World
Liberty
Financial,
the
decentralized
finance
(DeFi)
platform
that
he
and
his
family
have
teased
for
the
past
two
months.

“Embracing
the
future
with
crypto
and
leaving
slow
and
outdated
big
banks
behind,”

Trump
said
in
a
video


posted

on
his
X
account.

“Join
me
live
on
Twitter
Spaces
at
8
p.m.
this
Sept.
16
for
the
launch
of

World
Liberty
Financial.“

World
Liberty
Financial
Reportedly
Being
Built
On
Ethereum
And
Aave 

Over
the
last
few
weeks,
Trump
has
made
several
cryptic
posts
concerning
World
Liberty
Financial.
With
these
posts,
he
vaguely
positioned
the
project
as
a
DeFi
platform
with
a
focus
on
lending
and
borrowing.

The
project’s
whitepaper
reportedly
says
the
platform
will
be
built
on
top
of


Aave

and
the
Ethereum
blockchain.
It
will
also
center
around
a
“credit
account
system.”

There
have
also
been
mentions
of
a
non-transferrable
governance
token
that
will
give
users
voting
rights
on
the
platform.

A
Push
To
Protect
The
Dollar’s
Dominance
Through
Fiat-Backed
Stablecoins

The
Trump
family
aims
to
bolster
the
global
dominance
of
the
US
dollar,
which
it
believes
is
“under
attack,”
through
the
World
Liberty
Financial
platform. 

“By
spreading
U.S.-pegged
stablecoins
around
the
world,
we
ensure
that
the
U.S.
dollar’s
dominance
continues,
securing
America’s
financial
leadership
and
influence
on
the
global
stage,”
the
project
said
in
a
Sept.
4
thread
on
X.

[6/7]
By
spreading
U.S.-pegged
stablecoins
around
the
world,
we
ensure
that
the
U.S.
dollar’s
dominance
continues,
securing
America’s
financial
leadership
and
influence
on
the
global
stage.
????????????

—
WLFI
(@worldlibertyfi)

September
4,
2024

Concerns
over
the
dollar’s
ability
to
retain
its
global
dominance
stem
partly
from
the
rise
of
BRICS,
an
alliance
of
nations
including
Brazil,
Russia,
India,
China,
and
South
Africa
that
are
promoting
international
payments
in
other
currencies. Iran,
Egypt
and
the
UAE
have
also
joined
the
alliance
recently.

In
response
to
the
perceived
threat
posed
by
BRICS,
World
Liberty
Financial
will
aggressively
promote
stablecoins
that
are
pegged
to
the
dollar.

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