Washington, DC – World Liberty Financial (WLFI), the economic protocol supported by President Donald Trump and his family, put his own stablecoin on a Washington Crypto event on Wednesday, where legislators also participated to give the industry’s updates on their progress with US political efforts.
Behind the three co -founders of WLFI, Donald Trump Jr., connected via video that delivers a certain general cheerleading to the digital asset that underlies the company.
“I’m just super excited about what this might mean for the future of the banks for the future of the financial systems,” Trump said. “I was the kind of recipient of the old way of doing things, but that doesn’t mean it’s the best way to do things.”
The company had confirmed the launch of its USD1 StableCoin this week and said it would only be available at Ethereum and the Binance-bound BNB chain. The message came as Congress goes ahead with legislation to regulate stableecoins in the United States; Many of the legislators who worked with were also at the same DC Blockchain Summit Wednesday, hosting the digital chamber.
“We are glad the world is experiencing our stablecoin,” said Zach Witkoff, one of the co -founders of the World Liberty Financial. “I think retail and institutions are really going to lean into the product.”
The event in Washington gave the Trump-connected business its main stage, with the leaders being followed by two Republican lawmakers who were central to the potential passage of stablecoin legislation senator Tim Scott and Rep. French Hill. Their legislation can eventually seek final approval by President Trump, leaving a little daylight between the industry’s head of lobbying and the president’s family business.
“You do not make a permanent change in politics even though performing actions,” Hill said. “That’s why leadership is in the Senate and the house [is crafting] A stablecoin regime that can make America the most important home for stableecoins, dollar-backed stablecoins. “
The house is also close to reintroducing a bill for the market structure after 71 Democrats joined a majority of Republicans in voting to promote similar legislation out of parliament last year, he said.
StableCOin use is “as secure as a bank account, but without all the extra rubbish,” said Trump Jr. And added that there are “probably trillion” in waste that keeps traditional banking alive. “The sky is the limit of this.”
The World Liberty Protocol aims to provide a blockchain-based platform where its users would be able to borrow and borrow cryptocurrencies, create liquidity pools and transaction with stablecoins. But it also has more of an extreme retail hope.
“Our goal is for you to be able to go into your local bodega and buy a ham -sandwich using stablecoins,” Witkoff said.