President Donald Trump’s encryption portfolio continues to grow. The Crypto World Liberty Financial Stablecoin project, or the distinctive symbol linked to Fiat like the US dollar, according to Bitcoin or Ethereum can rise or decrease by 10 % in hours. As their name suggests, Stablecoins is designed for lack of volatility. This is achieved by creating a reserve, usually cash or treasury bills, returning to stablecoin on one basis to one.
Stablecoins can be a cash equivalent, and it is especially popular with merchants because they provide shelter from fluctuations that do not require transfer from encryption to the Fiat currency. The largest of Stablecoins are USDT and USDC, which number about $ 143 billion and $ 60 billion, respectively.
Why does the Trump family call their Stablecoin?
Stablecoins is the major business. Tether, the company behind USDT, stated that it had achieved $ 13 billion in 2024 in a non -abstract Financial statement. And a circle, the company behind USDC, is planning For the public.
Take the Stablecoins circle, associated with the US dollar, with treasury bonds, or slices of American debt. While Stablecoins holders do not receive interest, Stablecoin exporters sometimes wander around 5 % of the treasury bonds, which are accumulated. It is easy money. Tether got the profit of billions of dollars with only about 100 employees from August. By comparison, you need CISCO, the communications giant, 90,000 employees To net 12.6 billion dollars.
What is the world of financial freedom?
It was announced in August, World Liberty Financial is one of Trump encryption products, which also includes NFTS and Memecoin. The project focuses on Defi, or decentralized financing. Defi applications aim to repeat bank business – selection and borrowing – but on Blockchains.
Liberty Financial plans. It has not yet been launched, and its location on its location has little details about what its platform is doing. The project “Golden paper“He says he intends to be a center where users can access a set of Defi applications, such as decentralized lenders or decentralized encryption. Trump has been listed as” the chief defender of the encryption. “
What did the world do financial freedom so far?
The World Liberty Financial product is still under the winding, but it allowed people to purchase an encrypted currency: $ WLFI. The distinguished code allows users to vote on some of the proposals governing the Defi platform that was launched after it, according to The Gold Paper.
Investors immersed an encrypted currency for the Trump family. On Tuesday, the project announced that it raised $ 550 million of symbolic sales. Ethics experts Arise Alerting about the potential of encrypted currency to influence. For example, some Critics He referred to Justin Sun, the goal of litigation from the Securities and Stock Exchange Committee, and its public purchase of $ 75 million from WLFI.
Who participates in the world financial freedom?
The list of participants in the project is a mixture of Trump family members, loyalists and encryption developers. The sons of the President – Baron, Eric, and Donald Junior – are the global “Web3”. Steve Witkeov is loyal to Trump and real estate real estate, as well as his son, Alex and Zac as a founding secretary.
Two Defi developers, Zak Folkman and Chase Herro, are inserted as founders. The couple was behind the financing of the dough in the encryption project, which is what suffer A 2 million dollar penetration in July.
This story was originally appeared on Fortune.com
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