{"id":140813,"date":"2024-10-29T09:00:07","date_gmt":"2024-10-29T07:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140813"},"modified":"2024-10-29T00:30:22","modified_gmt":"2024-10-28T22:30:22","slug":"donald-trump-linked-crypto-project-sets-its-sights-on-launching-a-stablecoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/donald-trump-linked-crypto-project-sets-its-sights-on-launching-a-stablecoin\/","title":{"rendered":"Donald Trump-Linked Crypto Project Sets its Sights on Launching a Stablecoin"},"content":{"rendered":"
The group is reportedly developing its own stablecoin, aiming to offer a crypto asset pegged to the U.S. dollar. However, sources suggest the team is taking careful steps to ensure the stablecoin\u2019s safety and compliance before bringing it to the market.<\/p>\n
Earlier signs hinted at this stablecoin direction, including World Liberty Financial\u2019s recent appointment of Paxos co-founder Rich Teo to lead its stablecoin and payment division. Alongside the stablecoin, the group is working on a decentralized finance (DeFi) platform for borrowing and lending, underlining Trump\u2019s broader goal to make crypto accessible for retail investors. This mission aligns with their campaign to foster widespread use of stablecoins and DeFi, styled as an effort to \u201cmake crypto and America great again.\u201d<\/p>\n
Stablecoins play a crucial role in the crypto landscape, acting as stable assets in volatile markets and facilitating transactions in areas with limited U.S. dollar access. However, launching a successful stablecoin would require significant collateralization\u2014similar to market leader Tether, which holds billions in U.S. Treasury bills. World Liberty Financial would also need partnerships with top exchanges like Binance and Coinbase to ensure widespread adoption.<\/p>\n