World Liberty Forum opens with 18% WLFI rally as Eric Trump says crypto industry still at ‘one-yard line’

The World Liberty Forum, a crypto venture linked to the Trump family, launched with an 18% increase in its WLFI token value. Eric Trump, co-founder of World Liberty, stated during the forum that the cryptocurrency industry is still in its nascent stages, comparing its adoption to being at the “one-yard line,” despite recent market fluctuations. He highlighted growing interest from traditional financial institutions. A key development announced at the forum was a partnership with Apex Group, a financial services firm managing $3.5 trillion in assets, to pilot the use of World Liberty’s USD1 stablecoin. USD1, currently the fifth-largest dollar-pegged stablecoin with over $5 billion in circulation, will be tested for faster and more efficient fund settlements. Donald Trump Jr. emphasized the potential of stablecoins to streamline transactions. However, the forum occurred amidst scrutiny regarding a reported UAE-linked investment in World Liberty, prompting calls for review by the Committee on Foreign Investment in the United States.

(Source：The Block)