ALØNDRACRYPTØ
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$WLFI 🔖 $USD1 🔖 $TRUMP
The crypto project of Donald Trump's family, World Liberty Financial, has just launched a proposal that could change the game for its own currency. They want to use a part of their treasury (less than 5 percent of the WLFI tokens) to provide incentives and encourage more people to use their stablecoin called USD1.
To make it easy to understand: USD1 is a stablecoin (a currency that always equals 1 dollar). In just six months, they have managed to get people to deposit nearly 3 billion dollars into it, and it can already be used on major exchanges like Binance. But since the stablecoin market is very competitive (against Tether and USDC), Trump's team wants to "give away" incentives for more platforms and users to choose it.
📌 This proposal is that in the crypto world, it's not enough to have a famous name. For a currency to survive, it needs liquidity and adoption. If they manage to get more people to use USD1, the governance token WLFI becomes more valuable because its holders will have the power to decide about a much larger ecosystem with more money flowing.
It is an aggressive growth strategy: using the value of the project's token to "buy" its place in the financial system. If it goes well, World Liberty Financial could become a serious player against the giants of the sector.
Do you think the backing of the Trump family is enough for USD1 to surpass currencies like Coinbase's USDC?
Let me know what you think about this political-financial movement! And follow me ❤️☺️
{future}(TRUMPUSDT)
{spot}(USD1USDT)
{spot}(WLFIUSDT)
The crypto project of Donald Trump's family, World Liberty Financial, has just launched a proposal that could change the game for its own currency. They want to use a part of their treasury (less than 5 percent of the WLFI tokens) to provide incentives and encourage more people to use their stablecoin called USD1.
To make it easy to understand: USD1 is a stablecoin (a currency that always equals 1 dollar). In just six months, they have managed to get people to deposit nearly 3 billion dollars into it, and it can already be used on major exchanges like Binance. But since the stablecoin market is very competitive (against Tether and USDC), Trump's team wants to "give away" incentives for more platforms and users to choose it.
📌 This proposal is that in the crypto world, it's not enough to have a famous name. For a currency to survive, it needs liquidity and adoption. If they manage to get more people to use USD1, the governance token WLFI becomes more valuable because its holders will have the power to decide about a much larger ecosystem with more money flowing.
It is an aggressive growth strategy: using the value of the project's token to "buy" its place in the financial system. If it goes well, World Liberty Financial could become a serious player against the giants of the sector.
Do you think the backing of the Trump family is enough for USD1 to surpass currencies like Coinbase's USDC?
Let me know what you think about this political-financial movement! And follow me ❤️☺️
{future}(TRUMPUSDT)
{spot}(USD1USDT)
{spot}(WLFIUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.