The post Trump’s World Liberty Financial Slams Bloomberg Report Over Alleged Binance Stablecoin appeared first on Coinpedia Fintech News
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 the Founder and Chief Executive Officer at Binance. His contribution to the enhancement of Binance made the platform the world’s largest cryptocurrency exchange since its inception in 2017. Zhao launched the blockchain network Binance Smart Chain which has made a remarkable contribution to the development of the decentralized finance ecosystem. Whereas in 2019, he launched Binance’s US affiliate, Binance. The US.
Details:
Organization: Binance
Location: United Arab Emirates
Skills: Trading System and Electronic Trading
Experience:
CEO at Binance from Jul 2017 to Nov 2023 ·
Founder at BijieTech from Sep 2015 to Jul 2017
Head of Development at Blockchain.com from 2013 - 2014 ·
Partner at Fusion Systems Group from Nov 2005 to Dec 2013
Head of Tradebook Futures Development at Bloomberg from 2001 - 2005
FAQ
1. What is the net worth of Changpeng Zhao?
Changpeng's net worth is $6,260 crores.
2. What are the latest investments of Changpeng Zhao?
Changpeng Zhao investing in the blockchain sector as well as artificial intelligence and biotechnology
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.
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.
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