According to Foresight News, Decrypt cited sources as saying that the Trump family cryptocurrency project World Liberty Financial (WLFI) plans to issue its own stablecoin. Sources said that the stablecoin is still under development and it may take some time to launch. The World Liberty team is still determining how to ensure the security of financial products before bringing them to market. Another source said that at the same time, the team is simultaneously developing the main project components of World Liberty Financial, including stablecoins, to ensure that these features are ready to launch at the appropriate time.
WLFI sold $14.24 million in tokens in its governance token sale, which launched earlier this month, representing just 4.7% of the $300 million worth of tokens the project had earmarked for a public sale.