#WLFI Invests $10M in Falcon Finance for Stablecoin Infrastructure
Trump-linked World Liberty Financial has invested $10 million in Falcon Finance development.
The investment aims to improve liquidity between Falcon USD (
$USDf) and World Liberty's
$USD1 stablecoin.
$USD1 token will serve as a collateral asset on the Falcon Finance platform.
Eric Trump previously used
$USD1 to settle MGX's $2 billion Binance Exchange investment.
The partnership seeks to create robust digital dollar infrastructure for retail and institutional users.
Falcon's
$USDf briefly depegged to $0.9783 on July 8 before recovering by July 14.
$USD1 is currently trading at $0.9993, unable to regain full dollar parity since Tuesday.
Bloomberg reports crypto ventures added $620 million to Trump's $6 billion net worth.
Democratic lawmakers oppose what they call a "dangerous" Republican crypto legislation package.
