Trump family crypto project WLFI plans to launch a stablecoin, and the team is developing the main project components

Odaily News People familiar with the matter revealed that the Trump family crypto project World Liberty Financial (WLFI) plans to create and issue its own stablecoin, which is currently under development and may take some time to launch. The team is still determining how to ensure the security of the financial product before bringing it to market. At the same time, another person familiar with the matter said that the team is simultaneously developing the main project components of WLFI, including stablecoins, to ensure that these features can be launched at the right time. Earlier this month, the project announced that Rich Teo, co-founder of stablecoin issuer Paxos, will serve as WLFI's head of stablecoins and payments. (Decrypt)