World Liberty Financial, a decentralized finance (DeFi) venture linked to Donald Trump’s family, has finally announced the anticipated debut of its WLFI token.
In a recent revelation, the company confirmed that holders of the WLFI token have overwhelmingly voted to make these tokens tradable, marking a significant milestone for the project.
World Liberty Financial Prepares For Major Listings
Launched last autumn, WLFI tokens were initially intended to grant holders voting rights on crucial business decisions within the World Liberty Financial platform, including modifications to the underlying code.
However, the latest announcement from World Liberty Financial, shared on social media platform X (formerly Twitter), indicates a shift in strategy. The company stated, «Community triumph! $WLFI tradability is approved. We’re targeting 6–8 weeks for the full awakening.»
This indicates that the firm is in the process of forging strategic partnerships and preparing for major listings on prominent exchanges, emphasizing that this timeline is about building a strong foundation rather than delaying progress.
This development comes at a pivotal moment in the US regulatory landscape, as President Trump has proposed making the country “the crypto capital of the world.”
While this initiative has garnered support, it has also faced criticism from some Democrats, who have raised concerns about potential conflicts of interest.
Regardless, the demand for cryptocurrencies is surging not just in the US, but globally, fueled by rising prices and interest in exchange-traded funds (ETFs) that invest in digital assets like Bitcoin (BTC).
Consequently, Trump’s media firm, TMTG, aims to introduce an exchange-traded fund that will invest in various crypto tokens, such as Bitcoin, Ethereum (ETH), Solana (SOL), and XRP, according to a filing with the US Securities and Exchange Commission (SEC).
USD1 Stablecoin Gains Regulatory Backing
Another noteworthy aspect of World Liberty Financial’s ecosystem is its stablecoin, USD1, which could see increased adoption following the recent passage of the GENIUS Act.
This legislation mandates that stablecoins be backed by liquid assets, such as US dollars and short-term Treasury bills (T-Bills), while requiring issuers to disclose the composition of their reserves on a monthly basis.
Proponents argue that these regulations will bolster the credibility of stablecoins, encouraging financial institutions, retailers, and consumers to use them for rapid fund transfers.
As World Liberty Financial gears up to launch its WLFI token for trading, it remains to be seen whether the company can leverage the prevailing bullish sentiment in the broader cryptocurrency market.
When writing, the official TRUMP memecoin trades at $10.16, recording a monthly gain of 15% and over 20% in the fourteen-day time frame. Despite this recovery, the memecoin trades over 85% below its all-time high of $73,43 reached last January.
Featured image from DALL-E, chart from TradingView.com