The Trump family-adjacent decentralized finance (DeFi) project World Liberty Financial (WLFI) has proposed a stablecoin airdrop. Last month, the DeFi project announced plans to launch a new stablecoin called USD1, which it says is pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Now, World Liberty wants to … Read more
WLFI’s History Raises Eyebrows WLFI is not new to controversy. Before Trump’s second presidential term, the project launched a memecoin. The coin’s price soared fast but quickly crashed, leading to accusations of a pump-and-dump scheme. Since then, WLFI has made suspicious moves. The company often buys large amounts of crypto just before major government crypto … Read more
President Trump-backed World Liberty Financial is announcing plans to launch a new stablecoin on Tuesday that would be aimed at bridging traditional finance with digital assets. According to a press release, the new stablecoin is called USD1, which will be pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash … Read more