Trump’s World Liberty Financial Slams Bloomberg Report Over Alleged Binance Stablecoin

A recent Bloomberg report claimed that World Liberty Financial (WLFI), a blockchain project linked to the Trump family, was in talks with Binance to launch a U.S. dollar-backed stablecoin. It also alleged that Binance co-founder Changpeng Zhao Changpeng Zhao Changpeng Zhao is a well-known Chinese Canadian entrepreneur who is also known to be the founder of Binance, established in 2017 alongside Yi He, It is the biggest cryptocurrency exchange in the world based on trading sector and volume. Before this, CZ served as the Head of Development at Blockchain.info and later worked at OKCoin as the Chief Technology Officer. Under CZ’s leadership, Binance launched an ICO( initial coin offering ) that was able to successfully raise $15 million and rapidly became the largest exchange within a few months. Changpeng has always been an advocate for decentralized finance and blockchain Technology. Changpeng is a top blockchain speaker to is actively initiating contributions in the development of the rapidly growing crypto and blockchain space, where he recently attended the Token2049 Singapore event to share his insights on the tech.   Personal Details:Born: 1977Organization: BinanceLocation: UAEEducation: Changpeng graduated with a BSc. A degree in computer science from McGill University  Experience: CEO of Binance from Jul 2017 to Nov 2023 Founder- Bijie Tech from Sep 2015 to Jul 2017 Head of Development - Blockchain from 2013 to 2014 Partner - Fusion Systems from Nov 2005 to Dec 2013 Head of Trade Book Futures Development- Bloomberg from 2001 to 2005   EntrepreneurInvestorChief Executive Officer met WLFI co-founder Steve Witkoff at the Bitcoin MENA 2024 conference in Abu Dhabi.

The report quickly made waves in the crypto community, sparking speculation about WLFI’s potential partnership with Binance. But WLFI wasted no time shutting down the claims – taking to X to issue a fiery response, calling the report “politically motivated.”

So, what’s really going on here? Is this just another media vs. crypto clash, or is there more to the story? Let’s break it down.

WLFI Rejects Media Allegations

WLFI criticized major media outlets for what it called misleading reports about its business activities. It accused sections of the media of trying to damage the reputation of the cryptocurrency industry and suggested that the coverage was agenda-driven.

The project specifically called out Bloomberg and The Wall Street Journal for publishing what it described as unverified claims.

However, it did not mention which report triggered its response, nor did it reference Binance anywhere in its statement.

A Vague but Firm Response

Although WLFI avoided directly addressing the allegations, it highlighted its partnerships with leading blockchain projects. The post ended by advising followers to ignore “clickbait” and rely only on official WLFI updates for accurate information.

• Also Read :
•   Trump’s WLFI Invests $336M in Crypto Ahead of White House Summit – Why Now?
• ,

WLFI’s Market Position and Performance

WLFI is a DeFi project associated with U.S. President Donald Trump and his family. It has a market cap of $78.9 million and holds assets like Ethereum, Tether, USDC, TRON, Wrapped Bitcoin, Chainlink, Ondo, Aave, Ethena, Movement, Sei, and more.

According to Arkham Intelligence, WLFI’s market cap has risen by 1.7% in the last 24 hours. In the same period, ETH gained 2%, WBTC 2.9%, LINK 5%, ONDO 4.3%, AAVE 6.8%, ENA 6.8%, MOVE 5.8%, and SEI 4.4%.

While WLFI insists the reports are false, Bloomberg stands by its claims, fueling the debate over media narratives and political influences in crypto.

Truth or spin? You decide.