Trump Family's Cryptocurrency Project Partners with Aave to Advance DeFi

IconCryptoNewsTerminal Staff04 Sep, 2024

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Trump Family's Cryptocurrency Project Partners with Aave to Advance DeFi

Trump Family's Cryptocurrency Project Partners with Aave to Advance DeFi The Trump family's cryptocurrency project, World Liberty Financial, has announced a partnership with Aave to build out platforms to help advance decentralized finance (DeFi). "This is a groundbreaking partnership," the project said in a statement. "Our mission is very clear - lead the mass adoption of stablecoins and DeFi to Make Crypto & America Great Again. We believe DeFi is the future. We're dedicated to making it accessible and safe for everyone to use." World Liberty Financial is a cryptocurrency project founded by Donald Trump Jr. and his brother Eric Trump. The project aims to create a stablecoin that is pegged to the U.S. dollar and to develop a suite of financial products and services that will make it easier for people to use and access cryptocurrency. Aave is a decentralized lending platform that allows users to borrow and lend cryptocurrencies. The platform is one of the most popular DeFi protocols, with over $1 billion in assets locked in its smart contracts. The partnership between World Liberty Financial and Aave will allow the two projects to combine their expertise to develop new products and services that will make it easier for people to use and access DeFi. "Stablecoins are essential," World Liberty Financial said in its statement. "We envision that dollar-pegged stablecoins will continue to be the global settlement layer for the next 100 years."