Donald Trump's cryptocurrency venture, World Liberty Financial, is planning to launch its own stablecoin, according to sources familiar with the matter.
The project, which recently raised $14 million through an initial token sale, aims to introduce the stablecoin as part of its broader financial goals.
A source told Decrypt that World Liberty’s stablecoin is still in development, with the team focused on ensuring the stability and security of the product before launching it. The project has not set a firm launch date, but the insider noted that multiple components, including the stablecoin, are being developed in parallel to ensure they are ready to launch at the right time.
Earlier this month, World Liberty signaled its stablecoin ambitions by appointing Rich Teo, co-founder of Paxos, a leading stablecoin issuer, as the project’s stablecoin and payments lead. Teo’s involvement suggests a serious commitment to the initiative, though he declined to comment on his role. World Liberty Financial representatives also declined to provide additional details.
The potential launch of a stablecoin linked to Trump and his business partners has generated both interest and controversy. The project is associated with an Ethereum-based lending platform that has garnered attention due to Trump’s direct involvement and future ambitions for the White House. If successful, the World Liberty stablecoin could add new layers of complexity, regulatory scrutiny, and financial opportunity.
World Liberty’s stablecoin plans could put Trump in a powerful position if he wins back the presidency. Multiple federal lawmakers are set to vote on stablecoin regulations next year, potentially setting up a situation where Trump would retain executive power while navigating new rules governing the financial product he plans to launch commercially.
*This is not investment advice.
