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Insider: Trump's crypto project WLFI discussed the possibility of cooperating with Binance to develop stablecoins

four informed sources revealed that the Trump encryption project WLFI had discussed cooperation with Binance Holdings Ltd., the world's largest digital asset trading platform. Binance's founder has previously admitted to not taking necessary measures to prevent terrorists and entities from sanctioned countries from using its services.

It is currently unclear at what stage these discussions have progressed, or whether a final deal or cooperation project will be reached. These informed sources requested anonymity because the negotiations are confidential.

Two of them said that the discussions included the possibility of Binance collaborating with WLFI to develop a stablecoin - a cryptocurrency pegged to the US dollar. Trump and his son began promoting the company since September last year, and according to its founding documents, the Trump family can receive three-quarters of WLFI's net income.

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