The Trump family has announced the launch of a new digital currency project named World Liberty Financial (WLFI), led by President Trump and his sons, raising over $1.5 billion through a partnership with ALT5 Sigma.
💰 The idea is to trade WLFI tokens instead of accumulating Bitcoin, with trading expected to begin next September.
However, experts have warned strongly: • The Trump family receives 75% of the proceeds from the sale of the tokens. • The tokens provide very weak control over the stablecoin USD1. • The model has been described as an “infinite money glitch” and unsustainable. • The biggest risk: the currency's link to a political figure increases volatility and regulatory risks.
📉 History is not in favor of the project, as previous Trump ventures have suffered losses between 73% and 90%.
Reposted from Emarati Group | اماراتي #Trump #WLFI #Crypto #Bitcoin #Investment
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"MetaMask" has officially entered the stablecoin space with its native digital representative, MetaMask USD or mUSD. mUSD has been directly integrated into the wallet, allowing MetaMask users instant access to a digital representative linked to the dollar without the need for any external platforms. This move appears to be a clear attempt to connect decentralized finance with spending in the real world, especially with plans to integrate the stablecoin with the MetaMask card for use at millions of Mastercard merchants.
Each mUSD is backed 1:1 by liquid assets, including US cash and short-term treasury securities. MetaMask emphasizes transparency here, providing an instant view of reserves and monthly public attestations, addressing a long-standing issue regarding some other stablecoins that had opaque reserve disclosures. The pairing of this with institutional custody through Blackstone indicates a high level of seriousness in the areas of security and reliability.
Urgent: 🇺🇸 President Trump criticizes Federal Reserve Chairman Jerome Powell, saying he has "waited too long" to cut interest rates, adding: "He should have cut them a year ago." $BTC