Trump-aligned WLFI set for cryptocurrency exchange debut on LBank.
The World Liberty Financial (WLFI) project, a pioneering initiative aimed at fostering a seamless transition between decentralized and traditional finance, is set to launch on the global trading platform LBank on September 1, 2025, at 1:00 PM GMT (6:30 PM IST).
WLFI is expanding its reach across several blockchain networks, including Ethereum and BNB Chain. The project's primary focus is to facilitate the use and movement of assets across multiple systems, offering a more flexible model compared to existing Decentralized Finance (DeFi) projects.
At the heart of WLFI's system is USD1, a 100% USD-backed stablecoin. Collateralized by US Treasury bonds, USD1 serves as the backbone of the WLFI ecosystem. Company BitGo is responsible for storing and securing these assets within the WLFI system.
Notable investors in WLFI include Justin Sun, the founder of Tron, who holds a $100 million stake. Interestingly, WLFI utilizes a blockchain platform linked to Trump's World Liberty Financial project, which, despite its decentralized finance claims, operates with a centralized control structure.
The Trump administration invested over $500 million in the first funding round of WLFI. Another significant investor is the Abu Dhabi-based Aqua1 Foundation, which also invested $100 million in the project.
Critics have raised concerns about the ownership structure of WLFI, with beliefs that most tokens and revenue rights are concentrated among insiders. However, a recent development reflects a shift in institutional use of the USD1 token. An Emirati fund converted large amounts of USD1 tokens via the Binance platform, totaling $2 billion.
The Aave platform, one of the oldest and most trusted DeFi systems, is the backbone of WLFI's lending system. Users can lend, borrow, and trade digital assets while earning additional income through the Aave platform.
The WLFI project is not just for digital currency professionals. Its goal is to create a simple financial tool that benefits everyday users like teachers, dentists, and small business owners. Deposits and withdrawals on the WLFI platform will be enabled 24 hours after launch.
As a governance token in the WLFI project, WLFI holders can vote on platform management. A standard fee of 0.2% for transactions is imposed, which is consistent with major listings.
In conclusion, the launch of WLFI on LBank marks a significant step towards bridging the gap between decentralized and traditional finance, offering a more flexible and accessible financial tool for a wider audience.
