In short
- World Liberty Monetary is an Ethereum-based DeFi mission co-founded by U.S. President Donald Trump and his sons.
- The platform, which goals to “hold the greenback digital” and supply “loans for establishments and on a regular basis customers,” has launched a stablecoin referred to as USD1.
- The Trump household’s involvement in World Liberty Monetary and different crypto initiatives has sparked criticisms from Democratic lawmakers over potential battle of curiosity and corruption.
U.S. President Donald Trump has an extended record of crypto ventures, profiting to the tune of some $1 billion as of October 2025. Of them, a DeFi mission dubbed World Liberty Monetary may be the largest.
The platform, which President Trump co-founded, in keeping with its web site, alongside along with his three sons, needs to make finance “dependable, open, and made for the way the world works immediately.”
World Liberty Monetary was introduced by President Trump’s son Eric in August 2024. It’s led by DeFi builders Chase Herro and Zak Folkman, together with different members of the Trump household and Zach Witkoff—son of longtime Trump ally Steve Witkoff.
Particulars on how the mission works are nonetheless considerably scant. Let’s check out what we all know to date.
An Ethereum-based DeFi mission
Constructed utilizing the Aave protocol, World Liberty Monetary’s platform hasn’t been launched as of October 2025, however the mission says it plans to “hold the greenback digital” and supply “loans for establishments and on a regular basis customers.”
DeFi—brief for decentralized finance—is the sphere of the crypto trade that wishes to switch conventional banking. DeFi initiatives, monetary platforms that function with out third-party intermediaries, are often apps constructed utilizing Ethereum, the blockchain behind the second largest cryptocurrency, ETH.
World Liberty Monetary additionally runs on Ethereum.
It is value noting that whereas there are many DeFi apps, the house remains to be a extremely experimental a part of the crypto trade and has been suffering from hacks and scams.
These within the DeFi house sometimes say they wish to streamline a gradual and costly legacy banking system, and World Liberty Monetary to date has offered itself because the quintessential DeFi mission: A borrowing and lending platform that may “unlock monetary entry for all, by changing the boundaries of conventional banking with open, on-chain infrastructure, making a fairer system—the place alternative is not outlined by location, standing, or permission.”
What are you able to do with World Liberty Monetary?
Whilst you cannot but take loans out utilizing the platform, you should purchase its native token, WLFI, which has a market cap of $3.56 billion as of October 2025, making it the forty third largest cryptocurrency in existence, per CoinGecko knowledge. WLFI is offered on high exchanges like Binance, Coinbase, and OKX.
The mission additionally has its personal stablecoin, USD1, operating on Ethereum and BNB Chain, which Decrypt first revealed in October 2024. The stablecoin can be accessible on main American exchanges like Coinbase and Kraken.
Stablecoins are digital tokens pegged to the worth of fiat currencies—in USD1’s case, the U.S. greenback. The property are a key a part of the DeFi economic system (and the broader crypto economic system) as a result of merchants use them to swiftly enter and exit digital asset transactions. As a substitute of utilizing {dollars} on conventional banking rails, digital tokens speed up the crypto buying and selling course of.
The Trump household’s involvement
President Trump is listed as “co-founder emeritus” on the World Liberty Monetary web site, that means he’s now not concerned within the mission since taking workplace in January. His shut pal and the White Home’s particular envoy to the Center East, Steve Witkoff, can be listed as a “co-founder emeritus.”
Nonetheless, the Trump and Witkoff households have doubtless made some huge cash from the mission: Steve Witkoff’s son, Zach, and the president’s three sons, Eric, Donald Jr., and Barron are all nonetheless actively concerned in World Liberty Monetary.
WLFI’s market cap is greater than two and half instances larger than the meme coin President Trump launched forward of his inauguration, Official Trump (TRUMP). The Trump household owns a good portion of the WLFI provide; their internet value grew by over $6 billion when the tokens began buying and selling in September.
Battle of curiosity issues
The Trump household’s involvement in WLFI has proved contentious. Democratic lawmakers have incessantly criticized the mission—and the president’s different crypto ventures. In Could 2025, Senator Elizabeth Warren took intention at a $2 billion funding from Abu Dhabi-based sovereign wealth fund MGX into main crypto trade Binance, which used the USD1 token, calling it “shady.”
Outstanding Home Democrats have additionally requested the Treasury to supply entry to all suspicious exercise reviews, or SARs, on Trump’s digital asset initiatives—together with World Liberty Monetary.
Trump has repeatedly brushed apart issues over his household’s involvement with crypto ventures together with World Liberty Monetary, claiming he “hasn’t appeared” on the income.
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