World Liberty Financial backed by Trump is swapping stablecoins for ETH

World Liberty Financial (WLFI), supported by the Donald Trump family, is in the process of developing and plans to launch a stablecoin. This project aims to strengthen the position of the US dollar in the decentralized finance (DeFi) sector and has attracted attention following the token's initial sale campaign in October. Although the token sale raised about 14 million USD, equivalent to 3.4% of the 300 million USD target, WLFI continues to develop financial products, including a stablecoin pegged to the US dollar.

One of the major challenges WLFI faces is the legal issues surrounding stablecoins in the US, including oversight from the US Securities and Exchange Commission (SEC). The project is also working to partner with major exchanges like Coinbase and Binance to ensure broader user accessibility in the future.

In the future, WLFI may swap stablecoins for Ethereum as part of their lending protocol, as they aim to create a secure and reliable financial platform.