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

CoinPedia2025-03-15 06:48:15
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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 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?
  • ,

World Liberty Financial: Everything You Should Know

WLFI is a DeFi project associated with US President Donald Trump 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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