World Liberty Financial Denies Bloomberg’s Claims on Binance Stablecoin Talks

The post World Liberty Financial Denies Bloomberg’s Claims on Binance Stablecoin Talks appeared first on Coinpedia Fintech News

In an article published on March 13, Bloomberg alleged that World Liberty Financial, a Trump family-controlled blockchain project, held discussions with Binance to create a new U.S. dollar-backed stablecoin . The report also alleged that Binance co-founder changpeng zhao changpeng zhao Changpeng Zhao is the Founder and Chief Executive Officer at Binance. His contribution to the enhancement of Binance made the platform the world’s largest cryptocurrency exchange since its inception in 2017. Zhao launched the blockchain network Binance Smart Chain which has made a remarkable contribution to the development of the decentralized finance ecosystem. Whereas in 2019, he launched Binance’s US affiliate, Binance. The US. Details: Organization: Binance Location: United Arab Emirates Skills: Trading System and Electronic Trading Experience: CEO at Binance from Jul 2017 to Nov 2023 · Founder at BijieTech from Sep 2015 to Jul 2017  Head of Development at Blockchain.com from 2013 - 2014 · Partner at Fusion Systems Group  from Nov 2005 to Dec 2013  Head of Tradebook Futures Development at Bloomberg from 2001 - 2005  FAQ 1. What is the net worth of Changpeng Zhao?  Changpeng's net worth is $6,260 crores. 2. What are the latest investments of  Changpeng Zhao? Changpeng Zhao investing in the blockchain sector as well as artificial intelligence and biotechnology Entrepreneur Investor Chief Executive Officer met WLFI co-founder Steve Witkoff on the sideline of the Bitcoin MENA 2024 conference in Abu Dhabi.

In a recent post on X, WLFI strongly denounced these allegations, terming them “politically motivated”.

WLFI Rejects Bloomberg’s Allegations

The WLFI expressed its strong disagreement with the articles published by top media outlets about its business engagements in the blockchain industry.

Portraying a section of the media as keen to malign the reputation of the cryptocurrency industry, the Trump family-controlled project presented itself as a victim of agenda-driven journalism.

Strongly criticising top media outlets, specifically WSJ and Bloomberg, for publishing unsubstantiated articles, the WLFI team aggressively denounced all the allegations as politically motivated.

Interestingly, the team did not specifically mention which article provoked them to come out strongly against media houses. Moreover, they did not mention the term ‘Binance’ anywhere in the post.

However, the team asserted that they are proud to partner with many of the leading protocols and organisations.

WLFI Urges People to Ignore Sensational Headlines

Notably, the team concluded the post by advising people to ignore clickbait. They even recommended that people follow their official updates, presenting it as the right way to gain authentic information.

• Also Read :
• Trump’s WLFI Invests $336M in Crypto Ahead of White House Summit – Why Now?
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World Liberty Financial: Everything You Should Know

WLFI is a DeFi project associated with US President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President and his family members. It has a total market cap of $78,900,073.28. The WLFI portfolio includes Ethereum, Tether, USDC, TRON, Wrapped Bitcoin, Chainlink, Ondo, Aave, Ethena, Movement, Sei and more.

According to Arkham Intelligence , in the last 24 hours, the WLFI project market cap has seen a growth of +1.7%.

During this period, ETH has surged by 2%, WBTC by 2.9%, LINK by 5%, ONDO by 4.3%, AAVE by 6.8%, ENA by 6.8%, MOVE by 5.8%, and SEI by 4.4%.

In conclusion, the dispute between WLFI and top media outlets highlights ongoing tensions in the cryptocurrency industry. While WLFI insists the reports are misleading, Bloomberg stands by its claims.

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