Founders of the World Liberty Financial (WLFI), the crypto project backed by Donald Trump and his two older sons, have met with Binance founder and former CEO Changpeng Zhao (CZ) in Abu Dhabi on Sunday.
Zach Witkoff, Zak Folkman, and Chase Herro, sat with CZ for crypto expansion talks, the project posted on X.
World Liberty Financial Aims to Foster Crypto to Next Level
The discussions were about “growing global adoption, setting new standards, and pushing crypto to the next level.”
“This is just the beginning,” wrote WLFI on X. One of the founders of WLFI Zach Witkoff noted that the future of crypto “belongs to the builders, not the bystanders.”
The meeting comes on the same day WLFI signed a Letter of Intent with the Pakistan Crypto Council to foster blockchain, DeFi and stablecoin adoption in Pakistan.
Though the immediate implications of the meeting remain unclear, the move is a part of the project’s ongoing strategy to penetrate new markets.
CZ was seen in his Binance T-shirt during the meeting. He replied to a crypto investor’s post on X that some trad media would likely “try to make up some negative story about this. But we keep building.”
Institutional Players Eye WLFI for Expansion
Recently, crypto market maker and Web3 investment firm DWF Labs announced that it had invested $25 million in WLFI tokens. The purchase came as part of DWF’s expansion to the US markets, establishing an office in New York City.
Further, the World Liberty Financial is also focused on increasing liquidity and usage for the stablecoin project USD1. Last month, the project announced plans to launch the institution-ready stablecoin, redeemable 1:1 for the US dollar.
Managed by digital custodian BitGo, USD1 is a part of WLFI’s effort to establish a regulated dollar-pegged digital asset.
Soon after the announcement of the USD1 token, CZ warned users about scams, adding that the stablecoin is not yet tradable.
The post WLFI Founders, CZ Discuss Global Crypto Adoption Standards appeared first on Cryptonews.
