The companies said that the blockchain platform associated with US President Donald Trump invested $ 10 million in Falcon Finance to support the development of Stablecoin infrastructure.
. investment It aims to improve the liquidity and interoperability between two Stablecouins: Falcon USD (USDF) and World Liberty Financial USD (USD), token launched by the World Liberty Financial (WLFI) platform in March.
Falcon Finance will apply an investment in the amount of USD 10 million to build common liquidity, multi -skeletal compatibility and quick conversion infrastructure between USDF and USD 1, the company said.
The USD token, associated with the son of Trump, Eric, will also be used as a security in Falcon Finance.
In May, $ 1 was used to settle an MGX investment worth $ 2 billion for Binance replacement, as announced by Eric Trump during the panel discussion at the token2049 in Dubai.
Related: WLFI Trump was tying Ether Holdings during the week among the market slowdown
Zak Folkman, co -founder of the World Liberty Financial Folkman, aims to create a “more solid and flexible digital dollar infrastructure” for both retail and institutional participants.
Folkman added that the excessive Falcon model, in combination with the frames supported by the USD1 reserve, will support provide a reliable alternative to a synthetic dollar for global retail and institutional apply.
Synthetic Falcoon Finance dollar protocols accept a number of security resources within the excessive model. The plant and reserve support and reserve support are aimed at supplementing the synthetic Falcon dollar as an additional security resource.
Cointelegraph was not able to independently verify the $ 10 million investment.
The advertisement appears three weeks after USDF Falcon fell below the intended PEG worth USD 1 to 0.9783 USD 8 July, which causes investors’ fears of synthetic excessive defeat the quality of Stablecoin protection. USDF regained the dollar parity until July 14.
USD1 Platforma WLFI also lost the pecket of dollar, falling on Tuesday to USD 0.9954. So far, Stablecoin has not been able to regain the dollar parity and traded for $ 0.9993 at the time of writing, Coinmarketcap The data show.
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Can tied family projects related to Trump complicate cryptocurrency legislation?
Stablecoin associated with Trump sees the growing usability in the cryptographic space. However, some industry observers are afraid that the growing involvement of the blockchain platform associated with the Trump family in the space of cryptocurrencies may complicate the adoption of emerging American Blockchain regulations.
According to Bloomberg’s report, projects related to cryptocurrencies added at least $ 620 million to the net value of over $ 6 billion of President Trump.
Meanwhile, the Political Department is deepening over cryptocurrency regulations in the US Congress after some leading members of the Democratic Party in the House of Representatives announced collective efforts to oppose republican efforts to adopt what they called “dangerous” regulations.
“[Republicans are] By doubling the rapid tracking of a dangerous package of cryptocurrency regulations through the Congress, “said a member of the House Maxine Waters Financial Services Committee.
Waters particularly criticized the Act on the Anti-CBDC state, supported by Republicans, which would prohibit the launch of the digital currency of the central bank-and the Act on clarity, which aims to define the structure of digital asset markets.
“In addition to the lack of urgently needed consumers’ protection and a national guardian, these accounts would make Congress complicit in the unprecedented cryptographic fraud of Trump,” she added.
https://www.youtube.com/watch?v=JZZNCalGknio
Warehouse: Trump’s crypto projects are raised by a conflict of interest, questions about trade in confidential information
