₱151.5B
₱3.8B
₱4.83
₱4.69
World Liberty Financial used 5 billion WLFI tokens as collateral to borrow ₱4.5 billion ($75 million) in stablecoins through the Dolomite protocol, sparking immediate backlash from critics who called the move reckless.
A 16 billion WLFI token unlock worth ₱76.72 billion ($1.28 billion) is looming after nearly two years of holding restrictions, arriving as World Liberty Financial's team faces mounting pressure on Dolomite.
World Liberty Financial's WLFI token collapsed to $0.0888 on April 9 as concentrated insider ownership and locked investor allocations expose structural vulnerabilities in the Trump family's crypto venture.
President Trump signed an executive order barring federal agencies from establishing a U.S. central bank digital currency, but co-owns World Liberty Financial, which issues USD1—a stablecoin with built-in asset-freezing powers identical to those that made CBDCs controversial.
Donald Trump sided with crypto firms against banks in a bitter dispute over Stablecoin yield rules. The 79-year-old president accused banks of undermining his crypto agenda while his family's World Liberty Financial issues its own Stablecoin.