Bloomberg recently reported on alleged talks between World Liberty Financial (WLFI) and Binance to create a new stablecoin. WLFI has rejected these claims as politically motivated.
Bloomberg Allegations and WLFI's Response
On March 13, Bloomberg alleged that World Liberty Financial, a Trump family-controlled project, held discussions with Binance to create a U.S. dollar-backed stablecoin. The report also mentioned a meeting between Binance co-founder Changpeng Zhao and WLFI co-founder Steve Witkoff at the Bitcoin MENA 2024 conference in Abu Dhabi.
Denouncing Claims and Media Criticism
WLFI publicly rejected these allegations, accusing media outlets, including Bloomberg and the WSJ, of intentional distortion aimed at undermining the reputation of the cryptocurrency industry. The WLFI team did not specify which article led them to speak out nor did they mention 'Binance' specifically.
Overview of World Liberty Financial
WLFI is a DeFi project associated with former U.S. President Donald Trump. It has a market cap of $78,900,073.28. WLFI's portfolio includes Ethereum, Tether, USDC, TRON, among others. According to Arkham Intelligence, WLFI's market cap grew by 1.7% in the last 24 hours.
The dispute between WLFI and top media outlets highlights ongoing tensions in the cryptocurrency industry. While WLFI insists the reports are misleading, Bloomberg stands by its claims.
