BlockBeats News: On March 13th, according to Bloomberg, four insiders revealed that Trump's encryption project WLFI had discussed cooperation with Binance Holdings Ltd., the world's largest digital asset trading platform. The founder of Binance has previously admitted to failing to take necessary measures to prevent terrorists and entities from sanctioned countries from using its services.
It is currently unclear at what stage these discussions have progressed, or whether a deal or collaborative project will ultimately be reached. These insiders requested anonymity as the negotiations are confidential matters.
Two of them stated that the discussion included Binance's possible collaboration with WLFI to develop a stablecoin - a cryptocurrency pegged to the US dollar. Trump and his son have been promoting the company since September last year, and according to its founding documents, the Trump family can receive three-quarters of WLFI's net income.