Republican presidential candidate Donald Trump has announced the upcoming launch of his family’s crypto venture, world Liberty Financial (WLF), scheduled for September 18. In a video posted on X, Trump invited followers to join him on Twitter spaces at 8 pm on September 16 for the grand unveiling of world Liberty Financial. Embracing the future of finance with cryptocurrencies, Trump aims to leave behind the traditional banking system, labeling it as slow and outdated.
For some time now, Trump’s sons, Donald Trump Jr. and Eric Trump, have been teasing the imminent arrival of this crypto venture. However, the rollout faced several delays due to scams misleading supporters to fake websites and the hacking of other Trump family members’ social media accounts.
world Liberty Financial has revealed that the project’s announcement will take place live from Donald Trump’s Mar-A-Lago residence. The team shared exciting news via their official telegram channel, urging followers to stay tuned for the unveiling of their plan to “Make Finance Great Again.” This event promises to be a groundbreaking moment in the world of finance that no one should miss.
Prior to the official launch, world Liberty Financial disclosed its intention to establish US-pegged stablecoins as the global settlement layer for the next century. This ambitious project has partnered with leading security firms such as Tokyo, Fuzzland, Peckshield, and BlockSecTeam, all of which have meticulously reviewed the project’s code to ensure its security.
Challenges Ahead for Trump’s crypto Vision
Despite Trump’s enthusiasm for cryptocurrency, experts caution that world Liberty Financial must innovate to overcome critical challenges and gain traction in the market. Established stablecoins like USDC and USDT already boast strong liquidity, community support, and trust, presenting a tough competition for WLF. To stand out, world Liberty Financial will need to offer unique and superior features that appeal to users.
Trump’s focus on cryptocurrency, particularly bitcoin, has been central to his 2024 election campaign. He envisions the United States becoming the global leader in cryptocurrency, aiming to establish the country as the world’s “crypto capital” and a bitcoin superpower. As part of his strategy, Trump plans to create a national stockpile of bitcoin, ensuring that the US government retains ownership of all current and future bitcoin assets.
