U.S. President-elect Donald Trump, who once disdained cryptocurrencies, has not only changed his stance significantly, but also fully supports decentralized finance (DeFi). World Liberty Financial (WLFI), which he endorsed, recently stirred up the topic and announced its cooperation with the stablecoin protocol Ethena. The first wave of plans will focus on the introduction of Ethena's income-based stablecoin sUSDe, and further develop long-term cooperation layout.

WLFI and Ethena pointed out in the statement that sUSDe, as Ethena’s core income-based stablecoin, has performed strongly since it landed on the Aave platform in mid-November this year. It has attracted more than 1.2 billion US dollars in assets in less than a month. It is not only popular among users Trust has become a popular collateral asset for borrowing USDC and USDT.

WLFI pointed out that as the first step in the cooperation, the two parties will explore the introduction of sUSDe into WLFI's upcoming Aave instance as the first token that can be used as a collateral asset on the WLFI protocol, and expect to use Ethena's user activity and Large-scale TVL attracts more stablecoin deposits.

Zak Folkman, co-founder of WLFI, emphasized: "This cooperation marks an important step on our path to promoting global financial equality. We look forward to bringing more convenient and valuable financial services."

According to statements from both parties, the relevant proposal will be submitted to the WLFI community for voting within this week. However, even if the proposal is not passed, or sUSDe is not approved as a mortgage asset, the two parties will still explore other cooperation opportunities and continue to look for the possibility of integration.

Wednesday’s partnership announcement comes after WLFI bought $600,000 in ENA tokens.

In this regard, World Liberty Financial co-founder Chase Herro explained that the purchase of ENA tokens "is not directly related to this cooperation, but demonstrates WLFI's belief in Ethena's long-term viability and success."

"Trump DeFi project WLFI cooperates with Ethena to integrate sUSDe as the core collateral asset" This article was first published on (Block Guest).