Bithumb signs MOU with Trump family coin firm WLFI

Domestic cryptocurrency exchange Bithumb is partnering with World Liberty Financial (WLFI), a virtual asset financial firm founded by U.S. President Donald Trump's family.

Bithumb announced on the 23rd that it had signed a strategic business agreement (MOU) with WLFI on the 22nd. Attendees at the signing ceremony included Bithumb's CEO Lee Jae-won (left), President Kim Ki-beom, Vice President Kim Young-jin, Director Yoo Jeong-gi, and WLFI's co-founder Jack Forkman (right) and Ryan Fang, Head of Growth. The two companies plan to jointly explore new business opportunities and seek ways to strengthen trust among global investors.

WLFI is the issuer of the stablecoin USD1, which has a market capitalization of $3 billion (about 4 trillion won), and is preparing to actively conduct business in the Korean market. Earlier this month, it listed USD1 on Bithumb and Upbit.

Bithumb CEO Lee Jae-won said, "This cooperation with WLF will be an important milestone in enhancing Bithumb's global competitiveness," and added, "We will continue to strengthen our strategic network going forward."

Reporter Kim Jin-seong jskim1028@hankyung.com