KEY POINTS
- The team is still working on ensuring that the stablecoin will be safe for consumers, a source said
- WLFI recently tapped stablecoin expert Rich Teo to lead its stablecoins and payments unit
- Tether is under fire after a WSJ revealed the $USDT issuer is under criminal investigation by the DOJ
- WLFI has issues of its own, including the massive protocol net revenue allocation for Trump
World Liberty Financial, the DeFi protocol backed by Republican presidential candidate Donald Trump, is planning to issue a native stablecoin, a new report revealed. The report came weeks after WLFI announced that it has tapped Rich Teo, the co-founder of stablecoin issuer Paxos, to lead its stablecoins and payments department.
