Former President Donald Trump announces the launch date of World Liberty Financial, his new decentralized finance (DeFi) crypto project.
In a new video update posted on social media platform X, the Republican presidential candidate reveals that his DeFi platform, which he has previously said is designed to help those disenfranchised by the traditional banking system, will launch on Monday, September 16.
Trump says:
"Join me live on Twitter Spaces at 8pm on September 16th for the launch of World Liberty Financial. We are embracing the future with crypto and leaving behind the slow and outdated big banks."
Earlier this month, the project released a statement on its roadmap, stating that its mission is to spread US dollar-pegged stablecoins and the concept of decentralized finance around the world.
World Liberty Financial believes that stablecoins are the backbone of DeFi and says it wants to ensure that digital assets pegged to the US dollar remain the global settlement layer for DeFi protocols.
"Our mission is clear: to make crypto and America great by driving mass adoption of stablecoins and decentralized finance. We believe DeFi is the future, and we are committed to making it accessible and safe for everyone.
By distributing US dollar-pegged stablecoins around the world, we ensure the continued dominance of the US dollar, ensuring America's financial leadership and influence on the global stage."
The project also noted that it is working closely with cybersecurity firms and well-known DeFi platform Aave (AAVE) to achieve its goals. Trump initially announced the project in August. At the time, it was known as The DeFiant Ones.
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