Trump's World Liberty Financial signs partnership deal with London hedge fund
Trump's World Liberty Financial (WLFI), a decentralized finance platform linked to Donald Trump's family, has entered into a partnership with London hedge fund Re7 to establish a USD1 stablecoin vault utilizing Euler Finance and the liquid staking protocol Lista. This collaboration aims to enhance the presence of WLFI's stablecoin on the Binance Smart Chain, taking advantage of Lista's backing by Binance Labs, which invested $10 million in August 2023 to support its transition to a liquid staking provider. WLFI is attracting substantial interest from institutional investors, particularly as sectors such as US dollar stablecoins and asset tokenization gain traction in the financial landscape. Additionally, DWF Labs, a crypto market maker, will provide liquidity for the USD1 stablecoin through this agreement. Despite recent investments and reported token sales, ongoing concerns persist regarding the Trump family's financial dealings since 2024.
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