Trump Family Launches 'World Liberty' Crypto Sept. 16

Trump Family Leads New Crypto Project

Former U.S. President Donald Trump's family is gearing up to release a new cryptocurrency project called World Liberty Finance on September 16. The project is spearheaded by Trump's sons, Eric Trump and Donald Trump Jr., with Barron Trump, Donald Trump's 18-year-old son, serving as the project's “DeFi visionary”. The aim is to step away from traditional banking systems and move toward embracing decentralized finance.

Donald Trump made the announcement in a recent podcast, where he described his family's ambition to shift from outdated financial models and adopt the use of cryptocurrency. He also shared a video on his social media account, stating, “Embracing the future with crypto and leaving slow and outdated big banks behind.” The former president will go live to discuss the project at 8 P.M. on its launch day.

Focus on Decentralized Finance and Stablecoins

The World Liberty Financial project will be based on the Aave platform and built on the Ethereum blockchain, according to a draft of its whitepaper obtained by CoinDesk. The project aims to create a credit account system for decentralized borrowing and lending, taking advantage of the growing interest in decentralized finance (DeFi) solutions.

In addition, the project intends to introduce stablecoins pegged to the U.S. dollar, with the goal of spreading these stablecoins globally to maintain the dominance of the U.S. dollar. This is an ambitious step, signaling the Trump family’s efforts to push the U.S. dollar’s influence in the digital financial space.

The project’s Telegram channel has been actively sharing updates and plans about how World Liberty Finance will function and its long-term goals. As more information emerges, the project appears set to challenge the current financial system with its bold vision for the future of finance.