World Liberty Financial

World Liberty Financial launched in September 2024 as a decentralized finance venture co-founded by Donald Trump's sons, Donald Jr., Eric, and Barron, alongside partners Zachary Folkman, Chase Herro, and Alex Witkoff. The Delaware-registered entity operates through two primary digital assets: the WLFI governance token and USD1, a stablecoin pegged to the US dollar. The platform allows users to participate in lending, borrowing, and yield generation while granting token holders voting rights on protocol upgrades and fee structures.

The initial token sale generated significant capital, with reports indicating the Trump family secured $1 billion in net proceeds by December 2025 while retaining unsold tokens valued at $3 billion. Despite early momentum, the project faced immediate volatility. The WLFI token reached an all-time high of $0.46 shortly after launch but dropped approximately 82% to trade around $0.08 by mid-April 2026. In April 2026, the entity transferred 156.31 million WLFI tokens worth $8.06 million to major exchanges including Binance, Coinbase, Gate, and MEXC, sparking concerns about insider selling pressure.

Legal scrutiny has intensified regarding the venture's operations. A recent shareholder lawsuit alleges that President Trump and the company profited from corrupt dealings involving foreign governments, specifically citing a secret arrangement where an Abu Dhabi-linked firm bought a 49% stake for $500 million despite purchasing over $2 billion in related deals. Critics argue this violates the U.S. Constitution's emoluments clause, particularly following approvals of chip exports to the same entity. Steve Witkoff, a key partner and Middle East envoy, reportedly earned more than $100 million from his stake in the organization. [edit]