Former President Donald Trump’s decentralized finance (DeFi) project has issued a statement on its roadmap.
In a new thread on the social media platform X, World Liberty FInancial – formerly known as The DeFiant Ones – says its main mission is to spread US dollar-pegged stablecoins and the concept of DeFi around the world.
“Our mission is crystal clear: make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe DeFi is the future and we want to make it accessible and secure for everyone.”
According to World Liberty Financial, stablecoins are the core of DeFi, and their aim is to ensure that US dollar-pegged crypto assets remain the global settlement layer for DeFi protocols for the foreseeable future.
“By spreading US-pegged stablecoins around the world, we are ensuring the dominance of the US dollar continues, securing America’s financial leadership and influence on the global stage.”
World Liberty Financial says it is working closely with cybersecurity experts and DeFi lending platform Aave (AAVE) to create its vision.
Trump and his team initially announced the launch of The DeFiant Ones last month as a way to compete with banks and help those disenfranchised by them.
As Trump stated at the time:
“For too long, the average American has been squeezed by the big banks and financial elites. It is time for us to take a stand together.”
That was the case yesterday reported that Lara and Tiffany Trump’s X accounts were breached by hackers who then posted messages referencing World Liberty Financial and posting links to crypto scams.
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Featured image: Shutterstock/Salamahin/Susanitah