World Liberty Financial Swaps $10.4 Million in cbBTC for WBTC!

World Liberty Financial (WLFI), backed by President-elect Donald Trump, has exchanged its entire holding of 102.9 cbBTC, valued at $10.4 million, for 103.15 WBTC. This transaction took place just four hours ago, signaling a strategic shift in the project's wrapped Bitcoin holdings.

The decision to swap cbBTC for WBTC aligns WLFI with a more decentralized governance structure, distancing itself from Coinbase's wrapped Bitcoin solution. This move comes amid ongoing controversies and legal battles surrounding Coinbase's delisting of WBTC.