A blockchain platform affiliated with US President Donald Trump has invested $ 10 million in Falcon Finance to support the development of Stablecoin infrastructure, companies announced on Wednesday.
The investment aims to improve liquidity and interoperability between two stablescoins: Falcon USD (USDF) and World Liberty Financial USD (USD1), a token launched by the World Liberty Financial (WLFI) platform linked to Trump.
Falcon Finance will use the investment of $ 10 million to create shared liquidity, multi -hiking compatibility and a rapid conversion infrastructure between the USDF and the USD1, the company said.
The USD1 token, associated with Trump’s son, Eric, will also be used as a guarantee on Falcon Finance.
In May, USD1 was used to settle the investment of MGX dollars in Binance Exchange, according to an announcement by Eric Trump during a round table in Token2049 in Dubai.
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The partnership aims to create a “more robust and more flexible digital infrastructure” for the participants in retail and institutional sales, said Zak Folkman, co-founder of World Liberty Financial.
Folkman added that the upgraded model of Falcon, combined with the framework supported by the USD1 reserve, will help provide a reliable alternative to synthetic dollars for global retail and institutional use.
Falcoon Finance’s synthetic protocols accept a range of collateral assets as part of its overlated model. The cropability and support of the USD1 reserve aim to complete the synthetic offer of Falcon as an additional collateral actor.
Cointelegraph could not independently verify the investment of $ 10 million.
The announcement comes three weeks after Falcon’s USDF dropped below its ankle at $ 1 as low as $ 0.9783 on July 8, creating investors concerns about the collateral quality of the synthetic overlated stablecoin. The USDF regained its parity in dollars by July 14.
The WLFI platform of 1 USD also lost its pegle in dollars, falling Tuesday at $ 0.9954. The Stablecoin has so far been unable to resume the parity of the dollar and has been negotiated at $ 0.9993 when writing CoinmarketCap data.
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Could cryptographic companies linked to the Trump family complicate cryptographic legislation?
Stablecoin linked to the Trump family see an increasing utility in cryptographic space. However, some industry observers are concerned about the fact that the growing involvement of the Blockchain platform linked to the Trump family in cryptographic space could complicate the adoption of the emerging legislation of the American blockchain.
According to a Bloomberg report, Crypto -related companies have added at least $ 620 million to the net value of more than $ 6 billion by President Trump.
Meanwhile, the political division is deepened on cryptographic legislation at the American Congress after certain members of the leading Democratic Party in the House of Representatives have announced a collective effort to oppose republican efforts to adopt what they called “dangerous” legislation.
“”[Republicans are] Double by accelerating a dangerous package of cryptographic legislation by the congress, “said Maxine Waters, a member of the financial services of the Chamber’s financial services.
Waters specifically criticized the anti -CBDC surveillance law – a bill supported by the Republicans who would prohibit the launch of a digital currency from the American central bank – and the law on clarity, which aims to define the structure of digital asset markets.
“In addition to lacking consumer protection and a necessary national security railings, these bills would make the Congress accomplice of the unprecedented cryptographic scam,” she added.
https://www.youtube.com/watch?v=jznCalgknio
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