Trump-Backed World Liberty Financial Says Dollar-Pegged Stablecoin And Not Bitcoin Is The Best Way To 'Make America Great'
Portfolio Pulse from Aniket Verma
World Liberty Financial, a DeFi project backed by Donald Trump, advocates for the use of U.S. dollar-backed stablecoins over Bitcoin to strengthen the U.S. economy. The project plans to raise $300 million through a token sale.
October 15, 2024 | 3:27 am
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NEGATIVE IMPACT
World Liberty Financial, backed by Donald Trump, promotes stablecoins over Bitcoin, potentially impacting Bitcoin's perception as a speculative asset.
The promotion of stablecoins over Bitcoin by a Trump-backed project could influence investor sentiment, leading to a short-term negative impact on Bitcoin's price as it is portrayed as a speculative asset.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70