Donald Trump announced the date of the start of the financial freedom of the world
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Donald Trump has set a September 16th date for the first launch of Global Financial Freedom.
This announcement follows hints from the family earlier this summer, as well as Trump's previously vague statements about the project as DeFi to borrow and lend.
Details of the project
In a video posted on X, he revealed the date to his followers. Scheduled to go live on September 16, Trump invited the public to join him on Twitter at 8 a.m. that day, declaring, “We're embracing the future in crypto and leaving behind the slow and outdated big banks.”
According to a recently released white paper, the project will provide users with a digital wallet to store money, a credit accounting system, and opportunities to borrow and lend money. Users can also invest in cryptocurrencies through the platform's native tokens, and a non-transferable governance coin is expected, although details are still limited.
The platform will reportedly prioritize using the US dollar-peg stablecoin in place of DeFi. World Liberty Financial stated its mission in a statement: “To make crypto and America great by powering the adoption of physical money, stablecoins and decentralized finance.
He explained that by distributing these stable coins globally, he aims to maintain the supremacy of the US dollar and strengthen US financial leadership and global influence.
Global Freedom Finance cited its partnership with DeFi protocol Aave and hinted that the project could be built on the Ethereum blockchain. The team confirmed that they are “working with Aave to create a platform that sets new standards and pushes all of DeFi forward.”
They also say they prioritize security, with “senior security experts” reviewing the platform's code and following best practices.
Mixed responses
Despite the excitement surrounding the upcoming platform, reactions have been mixed. Some supporters see it as a bold move to align America with the future of global finance, while others worry about its timing. With the project 50 days before the election, critics worry it could distract from Trump's presidential campaign.
Nick Carter, a Trump supporter and partner at Castle Island Ventures, called the move a “huge mistake.”
In an interview with Politico, Carter said, “Trump's inner circle seems to be cashing in on his recent embrace of crypto in a naive way. To be honest, they seem to burn a lot of the goodwill built up with the industry so far.
The former president's shift from skepticism to kriptovalyutnogo received strong support from the public, especially after he promised to support the industry if re-elected in November.
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