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The Coin Rise 2025-04-16 17:53:41

DWF Labs Expands to NYC With Bet in Trump-Backed WLFI

DWF Labs, a digital asset maker and investment business, has opened a new office in New York City. According to the press release , this move aims to build stronger relationships with U.S. institutional investors and regulators. Likewise, the digital asset market maker wants to play a bigger role in the American financial market as it expands its presence in important global markets. DWF Labs to Provide Liquidity for USD1 Stablecoin As part of this initiative, DWF Labs is investing $25 million in World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol backed by U.S. President Donald Trump and his family. With this investment, DWF Labs becomes a major stakeholder in WLFI and gains a role in guiding the protocol’s future. It is also worth noting that WLFI is launching USD1, its stablecoin. This stablecoin will offer a U.S.-focused option in the global stablecoin market. Meanwhile, DWF Labs will help USD1 succeed by providing liquidity for smooth and stable trading. Furthermore, DWF plans to work with American colleges and universities to support cryptocurrency education, research, and development. With its new NYC office, DWF Labs aims to play an important role in shaping cryptocurrency’s regulatory and institutional future in the United States. Trump-Backed WLFI Raised $250 Million As reported by TheCoinRise, the DeFi project concluded its second public token sale, securing $250 million from investors . Launched in September 2024, WLFI aims to promote stablecoins pegged to the US Dollar while challenging traditional banking structures. The project has been positioned as a crypto-friendly initiative aligned with the former president’s broader financial innovation agenda. With over half a billion dollars already raised, WLFI’s next moves will determine whether it cements its place as a revolutionary DeFi player or another controversial crypto experiment. WLFI Token Details Reading from a prepared statement, Zak Folkman, one of the project’s leaders, confirmed that WLF introduced a token named WLFI . These tokens serve solely as governance tokens, granting holders the right to make proposals and vote on decisions concerning the platform. Folkman clarified that WLFI tokens are non-transferable and available for sale only to accredited investors in the U.S. Recall that the WLFI has recently added almost 4.89 million SEI tokens to its holdings. WLFI’s trading wallets were used to acquire various tokens through one of the SEI acquisitions. WLFI’s portfolio is broad, featuring staples like Bitcoin and Ether alongside a mix of altcoins, including Tron (TRX), Avalanche (AVAX), Ondo Finance (ONDO), and now Sei. The post DWF Labs Expands to NYC With Bet in Trump-Backed WLFI appeared first on TheCoinrise.com .

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