World Liberty, Crypto Project Helmed by Donald Trump’s Family, Will Release on Sept. 16

As a seasoned analyst with over two decades of experience in the financial industry, I must admit that the announcement by Donald Trump about his family’s cryptocurrency project, World Liberty Financial, piques my curiosity more than anything else. Given my extensive background in traditional finance and my keen interest in the rapidly evolving world of digital currencies, I find myself intrigued by this development.

On a podcast, the Republican nominee Donald Trump announced that his DeFi project, World Liberty Financial, which is run by his family, would debut on September 16.

Trump declared, “Stepping forward into the digital era with cryptocurrency, leaving traditional and antiquated banking institutions behind.” He invited everyone to join him live at 8 PM, via his social media platform.

World Liberty Finance is headed by Eric Trump and Donald Trump Jr., who are Donald Trump’s sons. The 18-year-old Barron Trump serves as the project’s visionary in the field of Decentralized Finance (DeFi).

The preliminary version of the World Liberty Financial blueprint shared with CoinDesk reveals that their project plans to establish a credit account system, which will be developed using the DeFi platform Aave and the Ethereum blockchain. This system is intended to streamline decentralized loaning and lending processes.

Messages shared on the World Liberty Finance Telegram platform detail plans for creating stablecoins linked to the U.S. dollar, with the intention of disseminating these U.S.-tied stablecoins globally in order to maintain the strength and influence of the U.S. dollar.