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Former US president and Republican candidate Donald Trump has announced the official launch date of World Liberty Financial, the decentralized finance (DeFi) platform that he and his family have teased for the past two months. “Embracing the future with crypto and leaving slow and outdated big banks behind,” Trump said in a video posted on his X account. “Join me live on Twitter Spaces at 8 p.m. this Sept. 16 for the launch of World Liberty Financial. “ World Liberty Financial Reportedly Being Built On Ethereum And Aave  Over the last few weeks, Trump has made several cryptic posts concerning World Liberty Financial. With these posts, he vaguely positioned the project as a DeFi platform with a focus on lending and borrowing. The project’s whitepaper reportedly says the platform will be built on top of Aave and the Ethereum blockchain. It will also center around a “credit account system.” There have also been mentions of a non-trans...

The Trump family’s World Liberty Financial crypto project is on a mission to bolster the global dominance of the US dollar by promoting the widespread adoption of dollar-pegged stablecoins and decentralized finance (DeFi). That’s according to a Sept. 4 thread on X, which emphasized the importance of maintaining the dollar as the world’s leading settlement currency for the next century. “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,” it said. “The U.S. dollar has been the backbone of global finance for decades, but it’s now under attack by foreign nation-states.“ The initiative is being positioned as a safeguard against growing concerns that the US dollar’s global influence is waning. [6/7] By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’...

The former Prime Minister of Russia Sergey Stepashin who briefly served in 1999 opened up about the prospects of a BRICS currency. He commended the de-dollarization initiative in a historical move from the alliance to cut ties with the US dollar. The initiative is briefly successful as both China and Russia have settled trade in local currencies with a handful of developing countries. Even India initiated oil deals with its BRICS counterparts Russia and the UAE paying native currencies for settlements. Also Read: BRICS: Russia To Officially Use Cryptocurrency For Trade Settlements There have been reports of the BRICS alliance planning to launch a new currency to take on the US dollar. If the currency is launched and gains the trust of developing countries, the US dollar will be in jeopardy. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5% BRICS Currency: Russia...