Trump family backed World Liberty Financial has undertaken a huge purchase of crypto. According to data from Lookonchain, on December 12th, World Liberty, the cryptocurrency project of the Trump family, purchased ETH, LINK, and AAVE.
Over the course of the last nine hours, the World Liberty Financial’s wallet has utilized 10 million USDC to purchase 2,631 Ethereum at an average price of $3,801.
Additionally, the project has used 1 million USDC to purchase 41,335 LINK at an average price of $24.2, and 1 million USDC to purchase 3,357 AAVE at an average price of $297.8.
WLFI Garners Market Attention Amid Trump’s Promise For Better Crypto Regulations
Donald Trump, the US presidential candidate, and his family members, including Barron Trump, Donald Trump Jr., and Eric Trump, support World Liberty Financial, the DeFi organization.
World Liberty Financial is an initiative aimed at improving the US dollar’s standing internationally in the DeFi market.
The project states that the goal of World Liberty Financial is to “drive the mass adoption of stablecoins and decentralized finance—making crypto and America great.” Like the U.S. dollar has been the foundation of international finance for the past century, the project aims to guarantee the dominance of U.S.-pegged stablecoins, which will continue to be the world’s settlement layer for the next century.
Since Donald Trump has made huge promises regarding the crypto sector’s growth, the entire market has been closely monitoring developments regarding the project.
WLFI Partners With Chainlink
World Liberty Financial (WLFI), had previously announced that it will use the Chainlink Standard to hasten the adoption of DeFi.
The agreement will allow WLFI to access the industry-leading onchain data and cross-chain interoperability ecosystem and infrastructure, which has enabled over $16 trillion in transaction value, by adopting the Chainlink standard for offchain data and cross-chain connectivity.
A secure and dependable source of financial market data will be made available to the WLFI Protocol by Chainlink Price Feeds for the launch of WLFI’s Aave v3 instance, which onboards assets such as USDC, USDT, ETH, WBTC, and many more.
The deployment of the Chainlink standard is expected to give the WLFI community the security and reliability it needs to achieve its objective of starting the next wave of broad DeFi adoption.