World Liberty Financial (WLFI), a blockchain project connected to the Trump family, has denied the claims made in a recent Bloomberg report. The report stated that WLFI was in talks with Binance to launch a U.S. dollar-backed stablecoin. It also alleged that Binance co-founder Changpeng Zhao met with WLFI co-founder Steve Witkoff at a conference in Abu Dhabi.
WLFI quickly responded to the report, calling it “politically motivated” and criticizing major media outlets for publishing misleading and unverified claims. It specifically called out Bloomberg and The Wall Street Journal. However, WLFI did not mention which report triggered its response or reference Binance in its statement.
While WLFI asserts that the reports are false, Bloomberg stands by its claims, leading to a debate over media narratives and political influences in the crypto industry.
WLFI is a DeFi project associated with U.S. President Donald Trump and his family. It has a market cap of $78.9 million and holds assets like Ethereum, Tether, USDC, TRON, Wrapped Bitcoin, Chainlink, Ondo, Aave, Ethena, Movement, Sei, and more.
Despite the conflicting claims, it remains unclear whether WLFI and Binance are indeed in talks to launch a stablecoin.
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