Is Trump-Backed WLFI In Trouble? 5B Self-Collateral, $75M Borrowing Stirs Controversy

World Liberty Financial (WLFI), a crypto project associated with the Donald Trump family, is involved in an escalating controversy. The team pledged approximately 5 billion of its own tokens to borrow approximately $75 million in stablecoins. Crypto critics say that this structure resembles circular financing. Onchain data indicates that WLFI transacted with self issued assets

The post Is Trump-Backed WLFI In Trouble? 5B Self-Collateral, $75M Borrowing Stirs Controversy appeared first on CoinGape.