What Is World Liberty Financial? The Trump Family DeFi Project Explained
The post What Is World Liberty Financial? The Trump Family DeFi Project Explained appeared on BitcoinEthereumNews.com.
In brief World Liberty Financial is an Ethereum-based DeFi project co-founded by U.S. President Donald Trump and his sons. The platform, which aims to “keep the dollar digital” and provide “loans for institutions and everyday users,” has launched a stablecoin called USD1. The Trump family’s involvement in World Liberty Financial and other crypto projects has sparked criticisms from Democratic lawmakers over potential conflict of interest and corruption. U.S. President Donald Trump has a long list of crypto ventures, profiting to the tune of some $1 billion as of October 2025. Of them, a DeFi project dubbed World Liberty Financial might be the biggest. The platform, which President Trump co-founded, according to its website, along with his three sons, wants to make finance “reliable, open, and made for how the world works today.” World Liberty Financial was announced by President Trump’s son Eric in August 2024. It is led by DeFi builders Chase Herro and Zak Folkman, along with other members of the Trump family and Zach Witkoff—son of longtime Trump ally Steve Witkoff. Details on how the project works are still somewhat scant. Let’s take a look at what we know so far. An Ethereum-based DeFi project Built using the Aave protocol, World Liberty Financial’s platform hasn’t been released as of October 2025, but the project says it plans to “keep the dollar digital” and provide “loans for institutions and everyday users.” DeFi—short for decentralized finance—is the sphere of the crypto industry that wants to replace traditional banking. DeFi projects, financial platforms that operate without third-party intermediaries, are usually apps built using Ethereum, the blockchain behind the second biggest cryptocurrency, ETH. World Liberty Financial also runs on Ethereum. It’s worth noting that while there are plenty of DeFi apps, the space is still a highly experimental part of the crypto…
Filed under: News - @ October 21, 2025 4:27 am