Donald Trump, along with his sons and businessmen, has launched a cryptocurrency platform called World Liberty Financial that relies on decentralized exchange (DEX) technology. The platform allows users to buy “fiat currencies” that give them voting rights on platform decisions, and offers services such as peer-to-peer lending. The platform relies primarily on stablecoins backed by the dollar to avoid volatility. While many details or a timeline have not been revealed, the project aims to easily attract users to the world of cryptocurrencies.
World Liberty Financial aims to provide a safe and stable crypto environment, targeting those who want to enter the world of digital currencies without taking the risks associated with the extreme volatility of unstable currencies. By using dollar-backed stablecoins, the platform aims to provide a safer and easier trading experience.
Although Trump had criticized cryptocurrencies during his presidency and described them as a fraud, he later changed his position and expressed his support for Bitcoin, reflecting the new direction the platform is taking in promoting these currencies within a legal and regulatory framework that differs from the current administration led by Joe Biden, which tends to regulate this sector more strictly.
The new platform is part of the Trump family’s broader moves toward financial and technological innovation, capitalizing on growing global trends toward decentralization in financial markets and fintech.
