World Liberty Financial, former president Donald Trump’s crypto venture, launched its native token earlier this month, and now is reportedly planning something more ambitious: its own stablecoin, which can serve as a stand-in for the U.S. dollar, according to Decrypt.
Stablecoins, a type of cryptocurrency pegged 1 to 1 to the value of a fiat currency like the dollar or euro, have become wildly popular over the last three years. If the report about World Liberty, published on Monday by crypto publication Decrypt, is accurate, the World Liberty team would be joining the likes of PayPal, Coinbase, and Robinhood, all of which have or are developing their own version of stablecoins.
