Ethereum DeFi Project for Trump Receives Another Major Investment

In a” strategic private transaction,” DWF Labs, a market- and investment firm, purchased$ 25 million worth of WLFI tokens from World Liberty Financial, a crypto project supported by U.S. President Donald Trump and his family. &nbsp,

World Liberty Financial, a fragmented economic platform with an Ethereum-based origin that aims to offer crypto-currency services, uses the native token WLFI. Defined as a broad term that covers the wide range of financial software that make use of cryptocurrencies and don’t rely on consolidated intermediaries.

DWF Labs, based in Dubai, announced that it had purchased the cryptocurrencies as it expands into New York City. The company further stated that it intended to provide cash for USD1, World Liberty Financial’s fresh cryptocurrency.

reported last month that World Liberty Financial had launched USD1. &nbsp,

As evidenced by the growing demand for institutional-ready cryptocurrencies like USD1,” DWF Labs ‘ order of WLF currencies underscores its desire to participate in WLFI management and concentrate on tasks addressing real-world economic wants,” according to DWF Labs. &nbsp,

Zak Folkman, a co-founder of World Liberty Financial, stated in a statement that” we believe that stablecoins like USD1 will continue to be important components in the DeFi technology stack.”

President Trump has been heavily involved in a number of online resource projects and has campaigned to support the crypto business. &nbsp,

Trump unveiled his own Solana image gold, Official Trump, back of his inauguration. And he became the first president to pass a bill into law that was related to crypto-related issues while in office. He also signed an executive order setting up a proper Bitcoin reserve, keeping one of his campaign promises.

Eric Trump’s home first announced the start of World Liberty Financial, with Eric Trump’s family actively involved in his different digital asset initiatives. Nonetheless, Senator Elizabeth Warren and Representative Maxine Waters have received criticism from critics for supposedly using his position to benefit his crypto activities.

Last month, DWF made headlines when one of its associates was fired for allegedly spitting her consume in an attempt to drug her.

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