Former President Donald Trump#TRUMP is reportedly preparing to launch a new cryptocurrency, $WLFI #WLFI , through his company, World Liberty Financial, in the coming weeks. This follows the earlier release of the $TRUMP coin, which experienced significant volatility, reaching a peak price of $49.26 in January 2025 before declining to around $11.24 as of May 2025
World Liberty Financial has also introduced a stablecoin named USD1, pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents. USD1 is being utilized by the UAE-backed investment firm MGX for a $2 billion minority stake acquisition in Binance, the world’s largest cryptocurrency exchange
The Trump family’s involvement in cryptocurrency ventures has attracted both interest and scrutiny. An exclusive gala dinner at the White House for top $TRUMP coin investors has raised ethical concerns among lawmakers, with some calling for investigations into potential conflicts of interest
As the cryptocurrency market continues to evolve, investors are advised to conduct thorough research and exercise caution when considering participation in new digital asset offerings
