Donald Trump has set the launch date for World Liberty Financial, which will debut on September 16.<\/p>\n
This announcement follows hints from his family earlier this summer, as well as Trump\u2019s previous vague descriptions of the project as a DeFi platform for borrowing and lending.<\/p>\n
In a video posted on X, he revealed<\/a> the date to his followers. Scheduled to go live on September 16, Trump invited the public to join him on Twitter Spaces at 8 p.m. that day, stating, \u201cWe\u2019re embracing the future with crypto and leaving the slow and outdated big banks behind.\u201d<\/p>\n According to a recently released white paper, the project will offer<\/a> users a digital wallet for storing money, a credit account system, and opportunities to borrow and lend cash. Additionally, users can invest in cryptocurrencies through the platform\u2019s native tokens, and a nontransferable governance coin is also anticipated, though details are still limited.<\/p>\n The platform will reportedly prioritize using U.S. dollar-pegged stablecoins in the DeFi space. In a statement, World Liberty Financial described<\/a> its mission as \u201cmaking crypto and America great by driving the mass adoption of stablecoins and decentralized finance.\u201d<\/p>\n It explained that by distributing these stablecoins globally, it aims<\/a> to maintain the dominance of the U.S. dollar and reinforce America\u2019s financial leadership and influence worldwide.<\/p>\n World Liberty Financial has also mentioned a partnership with DeFi protocol Aave, hinting that the project may be built on the Ethereum blockchain. The team confirmed<\/a> they are \u201cworking with Aave, collaborating to create a platform that sets new standards and pushes all of DeFi forward.\u201d<\/p>\n They also claimed<\/a> to be prioritizing security, with \u201ctop security experts\u201d reviewing the platform\u2019s code to ensure best practices are being followed.<\/p>\n Despite the excitement around the upcoming platform, reactions have been mixed.\u00a0Some supporters see it as a bold move to align the U.S. with the future of global finance, while others are concerned about the timing. With the project set to launch just 50 days before the election, critics worry it could distract from Trump\u2019s presidential campaign.<\/p>\n Nic Carter, a Trump supporter and partner at Castle Island Ventures, expressed reservations, calling the move a \u201chuge mistake.\u201d<\/p>\n In an interview with Politico, Carter stated<\/a>, \u201cIt looks like Trump\u2019s inner circle is just cashing in on his recent embrace of crypto in a kind of naive way. Frankly, it looks like they\u2019re burning a lot of the goodwill that\u2019s been built with the industry so far.\u201d<\/p>\n The former president\u2019s shift from skepticism to support for cryptocurrency has won him strong backing from the community, especially after he pledged to support the industry if re-elected in November.<\/p>\n The post Donald Trump Announces Launch Date of World Liberty Financial<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Donald Trump has set the launch date for World Liberty Financial, which will debut on September 16. This announcement follows hints from his family earlier this summer, as well as Trump\u2019s previous vague descriptions of the project as a DeFi platform for borrowing and lending. Details of the Project In a video posted on X, […]<\/p>\n","protected":false},"author":0,"featured_media":6239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6238"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6238"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6239"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Mixed Reactions<\/h2>\n