"WLFI, Discussing Joint Stablecoin Development with Binance"

Source
JH Kim

Summary

  • It was reported that WLFI discussed joint development of a dollar-based stablecoin with Binance.
  • These discussions were conducted privately, according to the report.
  • The specific stage of discussions or whether they will lead to investments remains unclear.

On the 13th (local time), Bloomberg News, citing multiple sources, reported that World Liberty Financial (WLFI), the DeFi project of Donald Trump's family, has been in discussions with global cryptocurrency exchange Binance regarding joint development of a dollar-based stablecoin.

The media outlet stated, "All discussions were conducted privately," adding that "it is not certain exactly what stage the discussions have reached, or whether they will lead to any transactions or investments."

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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