Trump family members have been hinting at an upcoming cryptocurrency project in recent weeks, but have revealed few details publicly. Privately, however, the former U.S. president’s inner circle has been quietly promoting a white paper called “World Liberty Financial” — parts of which CoinDesk has obtained.
According to a person familiar with the plans, the project will also include a new cryptocurrency: WLFI, a non-transferable governance token. Transfer restrictions could make the asset difficult for speculators to trade. According to the World Liberty Financial white paper, the project will include a “credit account system” built on decentralized finance (DeFi) platform Aave and the Ethereum blockchain to facilitate decentralized lending activities. (Coindesk)