In a recent video posted on X account, Donald Trump called on users to join the live launch via Twitter Spaces at on September 16, ushering in a new era for the crypto market.
.@WorldLibertyFi pic.twitter.com/rHEGQXl4jL
— Donald J. Trump (@realDonaldTrump) September 12, 2024
Trump confidently affirmed his belief in the future of cryptocurrency:
“Embracing the future with crypto and leaving slow and outdated big banks behind”
The project is being spearheaded by Eric Trump and Donald Trump Jr, along with their younger brother Barron Trump, who is seen as the “DeFi visionary” behind the initiative. This DeFi project is expected to make a significant impact on the crypto community.
According to a report, World Liberty Financial is built on the Aave DeFi platform and Ethereum blockchain, aimed at facilitating decentralized lending and borrowing services.
Notably, the project will also issue its own WLFI token, with the objective of promoting USD-pegged stablecoins to ensure the continued dominance of the US dollar in the global financial markets. The project team announced via its official Telegram channel that they are collaborating with top-tier security experts such as Zokyo, PeckShield, and BlockSecTeam to ensure maximum security for users’ assets.
“We’re not taking any chances. We’re working with the top security experts in the world— Zokyo, Fuzzland, Peckshield, BlockSecTeam, and more. Our code has been thoroughly reviewed by these industry leaders. We are utilizing best practices and making user security our primary concern.“
This DeFi project has garnered significant attention from the crypto community, despite some doubts about whether it could be a “fork” of a lesser-known DeFi protocol that had previously been hacked. Nevertheless, with strong backing from the Trump family and a firm commitment to security, many investors are optimistic about World Liberty Financial’s potential.
Additionally, this project is seen as part of Donald Trump’s broader pro-crypto campaign strategy, aimed at appealing to tech-savvy, crypto-enthusiast voters. It promises to refresh his public image on the political stage.
This latest move by Trump comes after his debate with Kamala Harris on September 11, during which many observers believe he was outperformed by the vice president. As a result, the upcoming DeFi project launch is expected to help restore Trump’s image among tech-oriented voters—provided the launch is a success.
Related news: Harris-Trump Debate Sends Trump Memecoins into a Freefall
