Trump-linked WLFI invests $10M in Falcon Finance for stablecoin development
WLFI’s USD1 stablecoin will be used as a collateral asset on Falcon Finance, fueling regulatory concerns about potential conflicts of interest related to the Trump family-backed platform.
A blockchain platform affiliated with US President Donald Trump has invested $10 million in Falcon Finance to support the development of stablecoin infrastructure, the companies said Wednesday.
The investment aims to improve liquidity and interoperability between two stablecoins: Falcon USD (USDf) and World Liberty Financial USD (USD1), a token launched by the Trump-linked World Liberty Financial (WLFI) platform in March.
Falcon Finance will use the $10 million investment to build shared liquidity, multichain compatibility and quick conversion infrastructure between USDf and USD1, the company said.
