Trump's World Liberty Financial to Launch $14M Stablecoin on Ethereum

Oct 28, 2024, 05:24 PM

Former President Donald Trump's crypto project, World Liberty Financial, plans to launch its own stablecoin. The project, which recently raised $14 million in an initial token sale, aims to issue a stablecoin on the Ethereum blockchain. This development could lead to both legal and ethical complications, as well as significant profits. The increasing demand for stablecoins, particularly in emerging markets facing currency devaluation, underscores the potential impact of this initiative. The stablecoin market has seen a rapid rise, with Tether growing from $10 billion to over $120 billion in circulation, demonstrating the demand for U.S. dollar-backed assets.