In a bold expansion, Donald Trump's crypto venture, World Liberty Financial (WLFI), is reportedly planning to develop its own stablecoin—a USD-backed digital asset aimed at creating stability in the volatile crypto space. Despite already launching its native governance token earlier this month, the company is now set on this stablecoin project, following in the footsteps […]
Follow Invezz on Telegram , Twitter , and Google News for instant updates > In a bold expansion, Donald Trump's crypto venture, World Liberty Financial (WLFI), is reportedly planning to develop its own stablecoin—a USD-backed digital asset aimed at creating stability in the volatile crypto space. Advertisement Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Despite already launching its native governance token earlier this month, the company is now set on this stablecoin project, following in the footsteps of PayPal and Coinbase. Advertisement World Liberty has yet to meet its ambitious funding targets, securing only $14 million of the $300 million initially hoped for. Questions about regulatory challenges and the asset's reliability persist as the project develops. Stablecoin ambitions grow amid unmet funding goals Copy link to section World Liberty Financial's recent launch of a USD-pegged stablecoin underscores its push to expand into the broader crypto market. Stablecoins, designed to provide a stable 1:1 value with fiat currencies, have surged in popularity as an alternative for mitigating cryptocurrency volatility. For WLFI, creating a stablecoin mirrors moves made by financial tech firms like PayPal and Coinbase, as these players seek to cement their role in the evolving digital economy. WLFI's token sale has seen only $14 million raised so far, a small portion of the projected $300 million funding target, highlighting the difficulties in financing such an ambitious project. Former Paxos…