Trump Ethereum DeFi Project Gets Another Big Investment
DWF Labs, a Dubai-based market maker and investment firm, has invested $25 million in WLFI, the native token of the Trump family-backed World Liberty Financial. This strategic purchase comes as World Liberty Financial seeks to provide decentralized finance (DeFi) services, including crypto borrowing and lending, and to launch a new stablecoin named USD1. DWF Labs aims to offer liquidity for this stablecoin and participate in WLFI governance, reflecting their commitment to projects that address real-world financial needs. Co-founder Zak Folkman expressed confidence in the transformative potential of crypto and stablecoins like USD1 as fundamental components of the DeFi ecosystem. This investment underscores the increasing interest and applicability of cryptocurrencies in traditional finance, especially with prominent backing from influential figures like President Donald Trump.
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