Donald Trump’s latest cryptocurrency venture, World Liberty Financial (WLF), is reportedly planning to launch its own stablecoin. While details are scarce, the project has allegedly brought on Rich Teo, co-founder of blockchain infrastructure platform Paxos, to lead the stablecoin and payments division. If successful, the stablecoin could significantly boost WLF’s financial position by allowing the company to reinvest deposits into yield-bearing assets like U.S. Treasury bills, a strategy employed by other major stablecoin issuers such as Tether.
However, the regulatory environment for stablecoins in the United States remains uncertain, with the Securities and Exchange Commission (SEC) recently scrutinizing several large digital asset companies. Some believe that a potential return to the White House for Donald Trump, who has portrayed himself as a crypto ally, could impact the legal landscape for cryptocurrencies, including stablecoins, in a way that benefits his business interests.
