Washington, DC – World Liberty Financial (WLFI), the financial protocol backed by President Donald Trump and his family, launched his own Stablecoin in a Washington cryptographic event on Wednesday, where legislators also attended to give industry updates about their progress with US policy efforts.
Behind the three co -founders of WLFI, Donald Trump Jr. connected through a video, delivering some general cheers to the digital asset technology that supports the business.
“I am very excited about what this can mean for the future of banking, for the future of financial systems,” Trump said. “It was the kind of beneficiary of the ancient way of doing things, but that does not mean that it is the best way to do things.”
The company had confirmed the launch of its USD1 stablecoin this week, saying that it would first be available in Ethereum and the BNB chain linked to Binance. The announcement occurred as Congress progresses in the legislation to regulate Stablecoins in the United States; Many of the legislators who worked were also at the same DC Blockchain summit on Wednesday, organized by the digital camera.
“We are excited that the world experiences our stablecoin,” said Zach Witkoff, one of the World Liberty Financial co -founders. “I think retail trade and institutions will really be inclined in the product.”
The Washington event gave the business connected to Trump its main scenario, where executives were followed by two central republican legislators to the possible approval of the Stablecoin legislation: Senator Tim Scott and representative French Hill. His legislation may eventually be looking for the final approval of President Trump, leaving little light between the main lobbying objectives of the president’s industry and the family business.
“You don’t make a permanent change in politics through executive action,” said Hill. “That is why leadership in the Senate and the Chamber [is crafting] A stablecoin regime that can make the United States the main household for Stablecoins, Stablecoins backed by dollar. “
The Chamber is also close to reintroducing a bill of market structure, after 71 Democrats joined most of the Republicans to vote to advance a similar legislation of the Chamber last year, he said.
The use of Stablecoin is “as safe as a bank account, but without all those additional nonsense,” Trump Jr. said, and added that “there are probably billion” in the maintenance of waste that keeps traditional bank alive. “Heaven is the limit for this.”
The World Liberty protocol aims to provide a blockchain -based platform where its users could borrow and lend cryptocurrencies, create liquidity groups and perform transactions with stablecoins. But it also has a more extreme retail hope.
“Our goal is that you can enter your local cellar and buy a ham sandwich wearing stablecoins,” Witkoff said.
