Donald Trump’s latest foray into cryptocurrency, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan.
The news comes even as the project’s recent sale of its native token, WLFI, has only secured about $14 million from slightly more than 16,000 buyers.
WLF Stablecoin in the Works
According to a report from Decrypt citing sources familiar with the matter, the planned stablecoin remains in development as the WLF team aims to ensure rigorous safety features before it hits the market.
The product’s potential launch date is still unknown. However, the project has reportedly appointed Rich Teo, co-founder of blockchain infrastructure platform Paxos, as its stablecoin and payments lead, a move that analysts say signals World Liberty Financial’s commitment to stablecoin innovation. When asked for a response, neither Teo nor WLF commented on the purported development.
If it comes to fruition, a stablecoin could greatly
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