Former President Donald Trump announced that the "World Liberty Financial" crypto project will be officially launched on September 16 as part of his re-election campaign, indicating a shift in his stance from previous negativity to support for the cryptocurrency world. The project will be built on the Ethereum blockchain and decentralized finance (DeFi) platform Aave, emphasizing user security and stablecoin adoption. Although the project has received support from some well-known figures, it still faces criticism from the political side, believing that DeFi has potential risks and opacity issues.

Key Points

- Donald Trump announced that his crypto project "World Liberty Financial" will be launched on September 16.

- Trump once opposed but now supports the cryptocurrency community and spoke at a Bitcoin conference.

- The project relies on the Ethereum blockchain and Aave platform and plans to launch a "credit account system".

- Dolomite co-founder Corey Caplan was appointed as a project advisor.

- The "World Liberty Financial" project focuses on security and works with several top security companies.

- Maxine Waters, a Democrat on the U.S. House Financial Services Committee, criticized the project.

- The publicity related to the "World Liberty Financial" project has been hacked.