• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Trump family's DeFi project to ensure US dollar dominance in the world of cryptocurrencies

Trump family's DeFi project to ensure US dollar dominance in the world of cryptocurrencies

user avatar

by Giorgi Kostiuk

2 years ago

  1. Mass Adoption of Stablecoins
  2. Market Impact
  3. Security Challenges

    4. The World Liberty Financial project, associated with the Trump family, aims for the widespread use of USD-pegged stablecoins in decentralized finance (DeFi).

    Mass Adoption of Stablecoins

    In its September 4 statement on platform X, the project announced one of its key goals to be the mass adoption of stablecoins and DeFi. 'We want USD-pegged stablecoins to remain the world's settlement layer for the next 100 years,' the statement reads.

    Market Impact

    There are growing concerns that the US dollar could lose its dominance as the world's reserve currency. BRICS nations, led by China and Russia, have been pushing for commodity trades using other currencies. Meanwhile, the market capitalization of stablecoins, excluding algorithmic stablecoins, has reached a new record of $169 billion as of September 5. The five largest stablecoins by market cap are all pegged to the US dollar.

    Security Challenges

    The World Liberty Financial project faces attacks from hackers and scammers. Eric Trump had to deny connections with the Restore the Republic (RTR) memecoin, which surged $155 million based on rumors. Additionally, the official Telegram group has repeatedly warned about fake ads and giveaways attempting to profit from the project's hype.

    The World Liberty Financial project aims to strengthen the dominance of the US dollar through the spread of stablecoins, while facing security and fraud challenges.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Strategy's Bitcoin Accumulation Could Surpass Satoshi Nakamoto

chest

Strategy, led by Michael Saylor, is on track to become the largest single holder of Bitcoin, potentially surpassing Satoshi Nakamoto within two years.

user avatarAndrew Smith

HKMA Issues Warning on Fraudulent Stablecoins Linked to HSBC and Anchorpoint

chest

The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent stablecoins falsely claiming to be issued by licensed issuers HSBC and Anchorpoint.

user avatarDavid Robinson

Surge in Social Media Sentiment for Bitcoin Price Predictions

chest

Recent data indicates a significant increase in social media discussions predicting Bitcoin prices, particularly a bullish sentiment towards $90,000.

user avatarZainab Kamara

Bitcoin Social Volume Indicates Shift Towards Bullish Sentiment

chest

The social media sentiment around Bitcoin has recently flipped, with bullish calls for $90,000 overtaking bearish predictions.

user avatarJacob Williams

Cardano Sees Major Adoption Milestones in Q1 2026

chest

In Q1 2026, Cardano achieved significant adoption milestones with the launch of USDCx and interoperability advancements through LayerZero's integration.

user avatarSon Min-ho

Cardano Enhances Infrastructure and Scaling Solutions

chest

Input Output has reported significant infrastructure upgrades and scaling solutions for Cardano, including the stable release of Mithril and advancements in Hydra.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.