Former President Donald Trump’s decentralized finance (DeFi) project has issued a statement on its roadmap.
In a new thread on the social media platform X, World Liberty FInancial – formerly known as The DeFiant Ones – says that its main mission is to spread US dollar-pegged stablecoins and the concept of DeFi throughout the world.
“Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe that DeFi is the future, and we’re committed to making it accessible and secure for everyone.”
According to World Liberty Financial, stablecoins are the crux of DeFi, and its goal is to ensure that US dollar-pegged crypto assets remain the global settlement layer for DeFi protocols for the foreseeable future.
“By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’s dominance continues, securing America’s financial leadership and influence on the global stage.”
World Liberty Financial says it is working closely with cybersecurity experts and DeFi lending platform Aave (AAVE) to create its vision.
Trump and his team initially announced the launch of The DeFiant Ones last month as a means of competing with banks and helping those disenfranchised by them.
As stated by Trump at the time,
“For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand – together.”
Yesterday, it was reported that the X accounts of Lara and Tiffany Trump were breached by hackers who then made posts referencing World Liberty Financial and posting links to crypto scams.
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Featured Image: Shutterstock/Salamahin/Susanitah
