Donald Trump announced a new cryptocurrency project that focuses on decentralized finance, aiming to circumvent traditional banking systems by utilizing blockchain technology.
'Embracing the future with crypto and leaving slow and outdated big banks behind,' Trump emphasized. He invited supporters to join him live on his X account.
World Liberty Financial, led by Trump's sons and his youngest son as the 'DeFi visionary,' seeks to create a credit account system using Aave and Ethereum.
The project plans to introduce U.S.-pegged stablecoins globally, intending to maintain the dominance of the U.S. dollar in the cryptocurrency space.
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