• 34ºc, Sunny

Informed person: Trump crypto project WLFI has discussed the possibility of collaborating with Binance to develop stablecoins

According to four people familiar with the matter, Trump's crypto project WLFI has discussed a partnership with Binance Holdings Ltd., the world's largest digital asset trading platform. The founder of Binance has previously admitted to failing to take necessary measures to prevent terrorists and entities in sanctioned countries from using its services. It is unclear at what stage the discussions have reached or whether they will culminate in a deal or partnership, the people said, speaking on condition of anonymity because the negotiations are private. Among the discussions, two of them said, was a possible partnership between Binance and WLFI to develop a stablecoin - a cryptocurrency pegged to the US dollar. Mr. Trump and his son have been promoting the company since September, and according to its founding documents, the Trumps receive three-quarters of WLFI's net income.