Trump fortune balloons by billions after family firm’s crypto token starts trading
by Guardian staff and agencies from Technology | The Guardian on (#6ZR1E)
World Liberty Financial's digital token $WLFI fell in price on first day, a year after launch by Trump family and partners
The Trump family's cryptocurrency venture, World Liberty Financial, put its namesake digital tokens up for sale on Monday, adding some $5bn in paper value to Donald Trump's family fortune. The token, known as $WLFI, fell in value on Monday in their first day of trading.
The World Liberty tokens were sold to investors after the Trump family and its business partners last year launched the venture, a decentralized finance platform that has also issued a stablecoin, a cryptocurrency meant to maintain a specific price by tying its value to a specific asset.
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