{"id":40352,"date":"2024-10-28T22:47:16","date_gmt":"2024-10-28T22:47:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/donald-trumps-world-liberty-financial-wlfi-planning-to-launch-stablecoin\/"},"modified":"2024-10-28T22:47:16","modified_gmt":"2024-10-28T22:47:16","slug":"donald-trumps-world-liberty-financial-wlfi-planning-to-launch-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/donald-trumps-world-liberty-financial-wlfi-planning-to-launch-stablecoin\/","title":{"rendered":"Donald Trump\u2019s World Liberty Financial (WLFI) planning to launch stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Trump\u2019s WLFI plans to launch a dollar-pegged stablecoin after raising $14M.<\/li>\n<li>The project faces challenges, with only 4.7% of its $300M token sale target met.<\/li>\n<li>Trump opposes a US CBDC and vows to outlaw government-issued stablecoins.<\/li>\n<\/ul>\n<p>Donald Trump\u2019s World Liberty Financial (WLFI) is gearing up to enter the cryptocurrency market with plans to launch a stablecoin linked to the US dollar.<\/p>\n<p>Fresh off raising $14 million in initial funding, the venture aims to capitalize on the growing demand for stablecoins, which serve as stable parking spots for traders in the volatile crypto landscape.<\/p>\n<h2>WLFI raised $14M and plans for a dollar-pegged stablecoin<\/h2>\n<p>While the WLFI team is still developing the stablecoin and establishing safety protocols, <a href=\"https:\/\/x.com\/BSCNews\/status\/1850971785527021611\">sources<\/a> indicate that bringing the project to fruition may take some time.<\/p>\n<p>However, should Trump regain the presidency, he would wield significant influence over the regulatory environment surrounding stablecoins, potentially reshaping the landscape for his own financial venture.<\/p>\n<p>Alongside this initiative, Trump has articulated a broader financial vision that opposes a US central bank digital currency (CBDC), promising to outlaw any government-issued stablecoin if re-elected. This stance aligns with his commitment to preserving the tax cuts from his 2017 Tax Cuts and Jobs Act, which is set to expire in 2025.<\/p>\n<p>Trump aims to maintain these tax reductions, cut corporate tax rates to 15%, and allow immediate deductions for equipment and research investments, all of which are designed to stimulate economic growth.<\/p>\n<p>Despite the ambitious goals for WLFI, the project faces challenges in a competitive market. The initial $300 million token sale has seen limited success, with only $14.24 million in sales reported, representing just 4.7% of its public sale target.<\/p>\n<p>The project\u2019s website even experienced a crash during the token sale, reflecting the intense interest surrounding Trump\u2019s foray into decentralized finance.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump Family\u2019s Crypto Project World Liberty Financial Falls Short in Token Sale<\/p>\n<p>The WLFI token sale launched on Oct. 15 but only reached 3.4% of its $300 million goal, with 687 million tokens sold after 14 hours.<\/p>\n<p>The platform&#8217;s website crashed after the sale launched, and\u2026 <a href=\"https:\/\/t.co\/GffCY87uYs\">pic.twitter.com\/GffCY87uYs<\/a><\/p>\n<p>\u2014 Abhyudoy Das (@DasAbhyudoy) <a href=\"https:\/\/twitter.com\/DasAbhyudoy\/status\/1846469338733465665?ref_src=twsrc%5Etfw\">October 16, 2024<\/a><\/p>\n<\/blockquote>\n<p>As WLF navigates the regulatory landscape and works towards launching its stablecoin, the implications of Trump\u2019s political aspirations and financial strategies will undoubtedly play a pivotal role in shaping its future within the crypto industry.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/donald-trumps-world-liberty-financial-wlfi-planning-to-launch-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Trump\u2019s WLFI plans to launch a dollar-pegged stablecoin after raising $14M. The project faces challenges, with only 4.7% of its $300M token sale target met. Trump opposes a US CBDC and vows to outlaw government-issued stablecoins. Donald Trump\u2019s World Liberty Financial [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":40353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40352"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40352"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40353"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}